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Equity, Reclassification Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
[1]
Sep. 30, 2020
[1],[2]
Jun. 30, 2020
[2]
Mar. 31, 2020
[2]
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]                      
Other income, net                 $ 132 $ 104 $ 130
Total before tax                 (2,010) 3,486 4,232
Tax benefit (expense)                 903 (702) (879)
Net income (loss) $ (309) $ (379) $ 1,335 $ (1,754) $ 1,330 $ 639 $ 648 $ 167 (1,107) 2,784 3,353
Revenues $ 16,604 $ 15,809 $ 10,397 $ 22,102 $ 27,879 $ 27,249 $ 28,933 $ 24,263 64,912 [3] 108,324 [3] 117,033 [3]
Reclassification out of Accumulated Other Comprehensive Loss [Member]                      
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]                      
Net income (loss)                 (11) (8) (32)
Net Gain (Loss) on Pension and Other Postretirement Benefits [Member] | Reclassification out of Accumulated Other Comprehensive Loss [Member]                      
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]                      
Total before tax                 (53) (14) (41)
Tax benefit (expense)                 12 4 9
Net income (loss)                 (41) (10) (32)
Net Actuarial Loss [Member] | Reclassification out of Accumulated Other Comprehensive Loss [Member]                      
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]                      
Other income, net [4]                 (74) (38) (63)
Prior Service Credit [Member] | Reclassification out of Accumulated Other Comprehensive Loss [Member]                      
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]                      
Other income, net [4]                 26 28 29
Curtailment and Settlement [Member] | Reclassification out of Accumulated Other Comprehensive Loss [Member]                      
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]                      
Other income, net [4]                 (5) (4) (7)
Gains on Cash Flow Hedges [Member[ | Reclassification out of Accumulated Other Comprehensive Loss [Member]                      
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]                      
Total before tax                 34 2  
Tax benefit (expense)                 (4) 0  
Net income (loss)                 30 2  
Gains on Cash Flow Hedges [Member[ | Reclassification out of Accumulated Other Comprehensive Loss [Member] | Commodity Contracts [Member]                      
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]                      
Revenues                 $ 34 $ 2  
Gains on Cash Flow Hedges [Member[ | Reclassification out of Accumulated Other Comprehensive Loss [Member]                      
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]                      
Total before tax                     0
Tax benefit (expense)                     0
Net income (loss)                     0
Gains on Cash Flow Hedges [Member[ | Reclassification out of Accumulated Other Comprehensive Loss [Member] | Commodity Contracts [Member]                      
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]                      
Revenues                     $ 0
[1] We recorded a charge of $326 million in September 2020 due to the expected liquidation of LIFO inventory layers as described in Note 5. We recognized a benefit of $102 million in December 2020 to adjust the $326 million estimate to the $224 million actual charge for the year ended December 31, 2020.
[2] The market value of our inventories accounted for under the LIFO method fell below their historical cost on an aggregate basis as of March 31, 2020. As a result, we recorded an LCM inventory valuation adjustment of $2.5 billion in March 2020 as described in Note 5. The market value of our LIFO inventories improved due to the subsequent recovery in market prices, which resulted in a reversal of $2.2 billion in the quarter ended June 30, 2020 and the remaining amount in the quarter ended September 30, 2020.
[3] Includes excise taxes on sales by certain of our international operations of $4,797 million, $5,595 million, and $5,626 million for the years ended December 31, 2020, 2019, and 2018.
[4] These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost, as discussed in Note 14.