XML 62 R42.htm IDEA: XBRL DOCUMENT v3.22.0.1
Derivative and Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2021
Derivative and Financial Instruments [Abstract]  
Balance Sheet Location - Fair Value Amounts of Derivatives
The following table presents the gross
 
fair values of our commodity derivatives,
 
excluding collateral,
 
and the line
items where they appear on our consolidated
 
balance sheet:
Millions of Dollars
2021
2020
Assets
Prepaid expenses and other current
 
assets
$
1,168
229
Other assets
75
26
Liabilities
Other accruals
1,160
202
Other liabilities and deferred credits
63
18
The following table presents the gross
 
fair values of our foreign currency
 
exchange derivatives,
 
excluding
collateral, and the line items where
 
they appear on our consolidated balance
 
sheet:
Millions of Dollars
2021
2020
Assets
Prepaid expenses and other current
 
assets
$
28
2
Liabilities
Other accruals
9
16
Schedule Of Derivative Instruments Gain Loss In Statement Of Financial Performance [Text Block]
The gains (losses) from commodity derivatives
 
incurred, and the line items where they appear on our
 
consolidated
income statement were:
Millions of Dollars
2021
2020
2019
Sales and other operating revenues
$
(228)
19
141
Other income (loss)
25
4
4
Purchased commodities
75
11
(118)
The (gains) losses from foreign
 
currency exchange derivatives
 
incurred and the line item where they appear
 
on our consolidated income statement
 
were:
Millions of Dollars
2021
2020
2019
Foreign currency transaction
 
(gains) losses
 
$
(5)
(40)
16
Net Exposures from Outstanding Derivative Contracts
The table below summarizes our material
 
net exposures resulting from
 
outstanding commodity derivative
contracts:
Open Position
Long/(Short)
2021
2020
Commodity
Natural gas and power (billions
 
of cubic feet equivalent)
Fixed price
4
(20)
Basis
(22)
(10)
We had the following net notional
 
position of outstanding foreign currency
 
exchange derivatives:
In Millions
Notional Currency
 
2021
2020
Foreign Currency Exchange
 
Derivatives
Buy British pound, sell euro
GBP
155
-
Sell British pound, buy euro
GBP
-
5
Sell Canadian dollar,
 
buy U.S. dollar
CAD
-
370
Buy Canadian dollar,
 
sell U.S. dollar
CAD
77
-
Buy Australian dollar,
 
sell U.S. dollar
AUD
1,850
-
Net Carrying Amount of Held to Maturity Investments
The following investments
 
are carried on our consolidated
 
balance sheet at cost, plus accrued interest
 
and the
table reflects remaining maturities
 
at December 31, 2021 and 2020:
Millions of Dollars
Carrying Amount
Cash and Cash
Equivalents
Short-Term
Investments
Investments and Long-
Term Receivables
2021
2020
2021
2020
2021
2020
Cash
$
670
597
Demand Deposits
1,554
1,133
Time Deposits
1 to 90 days
2,363
1,225
217
2,859
91 to 180 days
4
448
Within one year
4
13
One year through five years
-
1
U.S. Government Obligations
1 to 90 days
431
23
-
-
$
5,018
2,978
225
3,320
-
1
Debt Securities Carried at Fair Value
The following investments
 
in debt securities classified as available for
 
sale are carried at fair value on
 
our
consolidated balance sheet at December 31, 2021 and
 
2020:
Millions of Dollars
Carrying Amount
Cash and Cash
Equivalents
Short-Term
Investments
Investments and Long-
Term Receivables
2021
2020
2021
2020
2021
2020
Major Security Type
Corporate Bonds
$
3
-
128
130
173
143
Commercial Paper
7
13
82
155
U.S. Government Obligations
-
-
-
4
2
13
U.S. Government Agency
 
 
Obligations
2
-
8
17
Foreign Government Obligations
7
-
2
2
Asset-backed Securities
2
-
63
41
$
10
13
221
289
248
216
Cash and Cash Equivalents and Short-Term
 
Investments have
 
remaining maturities within one year.
Investments and Long-Term
 
Receivables have remaining
 
maturities that vary from greater
 
than one year through
eight years.
Amortized Cost Basis and Fair Value of Investments in Debt Securities Classified as Available for Sale
The following table summarizes the
 
amortized cost basis and fair value
 
of investments in debt securities classified
as available for sale at December 31:
Millions of Dollars
Amortized Cost Basis
Fair Value
2021
2020
2021
2020
Major Security Type
Corporate Bonds
$
305
271
304
273
Commercial Paper
88
168
89
168
U.S. Government Obligations
2
17
2
17
U.S. Government Agency Obligations
10
17
10
17
Foreign Government Obligations
9
2
9
2
Asset-Backed Securities
65
41
65
41
$
479
516
479
518