XML 110 R84.htm IDEA: XBRL DOCUMENT v3.6.0.2
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - ASSETS AND LIABILITIES AT FAIR VALUE (Details) - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Assets:    
Unrealized gain $ 1,327 $ 1,456
Deferred purchase price receivable (Note 17) 87 79
Liabilities:    
Unrealized loss 1,203 1,471
Other non-current assets    
Unrealized gains (losses) on designated and undesignated derivative contracts    
Unrealized gains (losses) on derivative contracts 5 0
Other non-current liabilities    
Unrealized gains (losses) on designated and undesignated derivative contracts    
Unrealized gains (losses) on derivative contracts 18 0
Assets and liabilities measured at fair value on a recurring basis | Level 1    
Assets:    
Other 18 68
Total assets 478 401
Liabilities:    
Total liabilities 379 490
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain   9
Liabilities:    
Unrealized loss   1
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Commodities    
Assets:    
Unrealized gain 421 252
Liabilities:    
Unrealized loss 356 402
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Freight    
Assets:    
Unrealized gain 16 65
Liabilities:    
Unrealized loss 14 56
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Energy    
Assets:    
Unrealized gain 23 7
Liabilities:    
Unrealized loss 9 31
Assets and liabilities measured at fair value on a recurring basis | Level 2    
Assets:    
Readily marketable inventories (Note 4) 3,618 3,421
Trade accounts receivable 6 6
Deferred purchase price receivable (Note 17) 87 79
Other 108 176
Total assets 4,594 4,584
Liabilities:    
Trade accounts payable 478 399
Total liabilities 1,173 1,326
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Designated derivative contracts | Interest rate swap    
Liabilities:    
Unrealized loss 18 3
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Designated derivative contracts | Interest rate    
Assets:    
Unrealized gain 1  
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Designated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain 29 30
Liabilities:    
Unrealized loss   15
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Interest rate    
Assets:    
Unrealized gain 1  
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain 312 176
Liabilities:    
Unrealized loss 233 605
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Commodities    
Assets:    
Unrealized gain 431 696
Liabilities:    
Unrealized loss 444 304
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Energy    
Assets:    
Unrealized gain 1  
Assets and liabilities measured at fair value on a recurring basis | Level 3    
Assets:    
Readily marketable inventories (Note 4) 237 245
Total assets 333 466
Liabilities:    
Trade accounts payable 44 44
Total liabilities 191 98
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Commodities    
Assets:    
Unrealized gain 96 220
Liabilities:    
Unrealized loss 144 52
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Freight    
Liabilities:    
Unrealized loss 1  
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Energy    
Assets:    
Unrealized gain   1
Liabilities:    
Unrealized loss 2 2
Fair value | Assets and liabilities measured at fair value on a recurring basis    
Assets:    
Readily marketable inventories (Note 4) 3,855 3,666
Trade accounts receivable 6 6
Deferred purchase price receivable (Note 17) 87 79
Other 126 244
Total assets 5,405 5,451
Liabilities:    
Trade accounts payable 522 443
Total liabilities 1,743 1,914
Trade accounts receivable related to certain delivered inventory accounted for at prices that fluctuate based on changes in commodity prices and for which no payments had been received 6 6
Trade accounts payable related to certain delivered inventory accounted for at prices that fluctuate based on changes in commodity prices and for which no payments had been made 522 443
Fair value | Assets and liabilities measured at fair value on a recurring basis | Designated derivative contracts | Interest rate swap    
Liabilities:    
Unrealized loss 18 3
Fair value | Assets and liabilities measured at fair value on a recurring basis | Designated derivative contracts | Interest rate    
Assets:    
Unrealized gain 1  
Fair value | Assets and liabilities measured at fair value on a recurring basis | Designated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain 29 30
Liabilities:    
Unrealized loss   15
Fair value | Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Interest rate    
Assets:    
Unrealized gain 1  
Fair value | Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain 312 185
Liabilities:    
Unrealized loss 233 606
Fair value | Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Commodities    
Assets:    
Unrealized gain 948 1,168
Liabilities:    
Unrealized loss 944 758
Fair value | Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Freight    
Assets:    
Unrealized gain 16 65
Liabilities:    
Unrealized loss 15 56
Fair value | Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Energy    
Assets:    
Unrealized gain 24 8
Liabilities:    
Unrealized loss $ 11 $ 33