The following tables present information about PEMEX’s financial assets and liabilities measured at fair value and indicate the fair value hierarchy of the inputs utilized to determine the fair values as of December 31, 2017 and 2016.
Fair value hierarchy | Total as of 2017 |
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Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: |
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Derivative financial instruments |
Ps. | — | Ps. | 30,113,454 | Ps. | — | Ps. | 30,113,454 | ||||||||
Available-for-sale financial assets |
— | 1,056,918 | — | 1,056,918 | ||||||||||||
Liabilities: |
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Derivative financial instruments |
— | (17,745,979 | ) | — | (17,745,979 | ) | ||||||||||
Fair value hierarchy | Total as of 2016 |
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Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: |
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Derivative financial instruments |
Ps. | — | Ps. | 4,857,470 | Ps. | — | Ps. | 4,857,470 | ||||||||
Available-for-sale financial assets |
6,463,096 | 2,417,123 | — | 8,880,219 | ||||||||||||
Liabilities: |
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Derivative financial instruments |
— | (30,867,956 | ) | — | (30,867,956 | ) |