Note 9
Other non-current assets

“Other non-current assets” consisted of the following:

December 31, ($ in millions)

2017

2016

Pledged financial assets

100

112

Derivatives (including embedded derivatives) (see Note 5)

101

126

Receivable under securities lending arrangement

79

Investments

72

57

Restricted cash

38

59

Other

197

178

Total

587

532

The Company entered into structured leasing transactions with U.S. investors prior to 1999. At the inception of the leasing arrangements the Company placed certain amounts in restricted cash deposits and held-to-maturity debt securities. These amounts, included as “Pledged financial assets” in the table above, are pledged as security for certain outstanding deposit liabilities included in “Other non-current liabilities” (see Note 13) and the funds received upon maturity of the respective pledged financial assets will only be available to the Company for repayment of these obligations.

“Investments” represents shares and other equity investments carried at cost.