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FAIR VALUE MEASUREMENTS (Basis of Fair Value Measurements on a Recurring Basis) (Details) - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral Already Posted, Aggregate Fair Value $ 7 $ 29
Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and Cash Equivalents, Fair Value Disclosure [1],[2] 0 0
Carrying value of interests held [1],[3] 0 0
Assets, Fair Value Disclosure [4] 28 93
Long-term Debt, Fair Value [1],[5] 0 0
Liabilities, Fair Value Disclosure [1] 29 117
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure [1],[6] 0 0
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure [1],[6],[7] 0 0
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure [1],[6] 0 0
Quoted Prices in Active Markets for Identical Items (Level 1) [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and Cash Equivalents, Fair Value Disclosure 0 [2] 0 [8]
Carrying value of interests held 0 [3] 0 [9]
Commodities, Asset 2 [10] 0 [11]
Foreign currency, Asset 0 [10] 0 [11]
Assets, Fair Value Disclosure 700 692
Long-term Debt, Fair Value 0 [5] 0 [12]
Interest Rate Derivative Liabilities, at Fair Value 0 [10] 0 [11]
Commodities, Liability 2 [10] 9 [11]
Foreign currency, Liability 0 [10] 0 [11]
Liabilities, Fair Value Disclosure 2 9
Quoted Prices in Active Markets for Identical Items (Level 1) [Member] | Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure 698 [6] 692 [13]
Quoted Prices in Active Markets for Identical Items (Level 1) [Member] | US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure 0 [6],[7] 0 [13],[14]
Quoted Prices in Active Markets for Identical Items (Level 1) [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure 0 [6] 0 [13]
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and Cash Equivalents, Fair Value Disclosure 3,026 [2] 2,705 [8]
Carrying value of interests held 0 [3] 0 [9]
Commodities, Asset 7 [10] 6 [11]
Foreign currency, Asset 126 [10] 116 [11]
Assets, Fair Value Disclosure 4,460 4,144
Long-term Debt, Fair Value 20,997 [5] 21,450 [12]
Interest Rate Derivative Liabilities, at Fair Value 13 [10] 12 [11]
Commodities, Liability 155 [10] 99 [11]
Foreign currency, Liability 37 [10] 161 [11]
Liabilities, Fair Value Disclosure 21,202 21,722
Significant Other Observable Inputs (Level 2) [Member] | Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure 36 [6] 36 [13]
Significant Other Observable Inputs (Level 2) [Member] | US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure 587 [6],[7] 584 [13],[14]
Significant Other Observable Inputs (Level 2) [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure 678 [6] 697 [13]
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and Cash Equivalents, Fair Value Disclosure 0 [2] 0 [8]
Carrying value of interests held 1,056 [3] 1,328 [9]
Commodities, Asset 0 [10] 0 [11]
Foreign currency, Asset 0 [10] 0 [11]
Assets, Fair Value Disclosure 1,056 1,328
Long-term Debt, Fair Value 0 [5] 0 [12]
Interest Rate Derivative Liabilities, at Fair Value 0 [10] 0 [11]
Commodities, Liability 0 [10] 0 [11]
Foreign currency, Liability 0 [10] 0 [11]
Liabilities, Fair Value Disclosure 0 0
Significant Unobservable Inputs (Level 3) [Member] | Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure 0 [6] 0 [13]
Significant Unobservable Inputs (Level 3) [Member] | US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure 0 [6],[7] 0 [13],[14]
Significant Unobservable Inputs (Level 3) [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure 0 [6] 0 [13]
Interest Rate Contract [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset [1],[10] 0 0
Foreign Currency Contract [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset [1],[10] (26) (90)
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset [1],[10] (26) (90)
Commodity Contract [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset [1],[10] (2) (3)
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset [1],[10] (3) (27)
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and Cash Equivalents, Fair Value Disclosure [2] 3,026 2,705
Carrying value of interests held [3] 1,056 1,328
Commodities, Asset [10] 7 3
Foreign currency, Asset [10] 100 26
Assets, Fair Value Disclosure 6,188 6,071
Long-term Debt, Fair Value [5] 20,997 21,450
Interest Rate Derivative Liabilities, at Fair Value [10] 13 12
Commodities, Liability [10] 154 81
Foreign currency, Liability [10] 11 71
Liabilities, Fair Value Disclosure 21,175 21,614
Estimate of Fair Value Measurement [Member] | Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure [6] 734 728
Estimate of Fair Value Measurement [Member] | US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure [6],[7] 587 584
Estimate of Fair Value Measurement [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale Securities, Fair Value Disclosure [6] $ 678 $ 697
[1] Cash collateral amounts represent the estimated net settlement amount when applying netting and set-off rights included in master netting arrangements between the Company and its counterparties and the payable or receivable for cash collateral held or placed with the same counterparty.
[2] Treasury Bills and money market funds included in "Cash and cash equivalents" in the consolidated balance sheets and held at amortized cost, which approximates fair value.
[3] Included in “Accounts and notes receivable – Other” in the consolidated balance sheets. See Note 11 for additional information on transfers of financial assets.
[4] Cash collateral amounts represent the estimated net settlement amount when applying netting and set-off rights included in master netting arrangements between the Company and its counterparties and the payable or receivable for cash collateral held or placed with the same counterparty.
[5] See Note 8 for information on fair value measurements of long-term debt.
[6] The Company’s investments in equity and debt securities are primarily classified as available-for-sale and are included in “Other investments” in the consolidated balance sheets.
[7] U.S. Treasury obligations, U.S. agency obligations, agency mortgage-backed securities and other municipalities’ obligations.
[8] Treasury Bills and money market funds included in "Cash and cash equivalents" in the consolidated balance sheets and held at amortized cost, which approximates fair value.
[9] Included in “Accounts and notes receivable – Other” in the consolidated balance sheets. See Note 11 for additional information on transfers of financial assets.
[10] See Note 8 for the classification of derivatives in the consolidated balance sheets.
[11] See Note 8 for the classification of derivatives in the consolidated balance sheets.
[12] See Note 8 for information on fair value measurements of long-term debt.
[13] The Company’s investments in equity and debt securities are primarily classified as available-for-sale and are included in “Other investments” in the consolidated balance sheets.
[14] U.S. Treasury obligations, U.S. agency obligations, agency mortgage-backed securities and other municipalities’ obligations.