Note 9 Other non-current assets

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

December 31, ($ in millions)

2014

2013

Pledged financial assets

229

285

Derivatives (including embedded derivatives) (see Note 5)

189

128

Investments

65

72

Restricted cash

64

95

Loans granted (see Note 6)

41

54

Other

139

124

Total

727

758

The Company entered into structured leasing transactions with U.S. investors prior to 1999. Certain amounts were transacted at the inception of the leasing arrangements and are included above as “Pledged financial assets”. These assets 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.

“Loans granted” is reported in the balance sheet at outstanding principal amount less any write-offs or allowance for uncollectible loans and primarily represents financing arrangements provided to customers (relating to products manufactured by the Company).