Equity method investments (Tables)

6 Months Ended

Jun. 30, 2024

Equity Method Investments and Joint Ventures [Abstract]

Summary of carrying value and fair value of investments

Kraft Heinz and Occidental common stocks are publicly traded. The fair values and our carrying values of these investments are included in the following table (in millions).

	Carrying Value				Fair Value
	June 30, 2024		December 31, 2023		June 30, 2024		December 31, 2023
Kraft Heinz	$	13,161	$	13,230	$	10,486	$	12,035
Occidental		16,455		15,410		16,090		14,552
Other		449		426
	$	30,065	$	29,066

Summary of earnings and distributions received from equity method investments

Our earnings and distributions received from equity method investments are summarized in the following table (in millions). As previously described, onThe earnings we recorded in the first six months of 2024 and 2023 for Occidental represented our share of its earnings for the six months ending March 31, 2024 and 2023, respectively.

	Equity in Earnings								Distributions Received
	Second Quarter				First Six Months				Second Quarter				First Six Months
	2024		2023		2024		2023		2024		2023		2024		2023
Kraft Heinz	$	27	$	265	$	242	$	487	$	130	$	130	$	260	$	260
Occidental		200		234		463		604		55		36		96		61
Other		25		12		40		108		14		21		18		21
	$	252	$	511	$	745	$	1,199	$	199	$	187	$	374	$	342

Summarized unaudited financial information of Kraft Heinz

Summarized consolidated financial information of Kraft Heinz follows (in millions).

	June 29, 2024		December 30, 2023
Assets	$	88,797	$	90,339
Liabilities		39,766		40,617

	Second Quarter				First Six Months
	2024		2023		2024		2023
Sales	$	6,476	$	6,721	$	12,887	$	13,210
Net earnings attributable to Kraft Heinz common shareholders		102		1,000		903		1,836

Summarized consolidated financial information of Occidental follows (in millions).

	March 31, 2024		September 30, 2023
Assets	$	74,277	$	71,287
Liabilities		43,310		42,515

	Quarter ending March 31,				Six months ending March 31,
	2024		2023		2024		2023
Total revenues and other income	$	6,010	$	7,258	$	13,539	$	15,584
Net earnings attributable to Occidental common shareholders		718		983		1,747		2,710