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FINANCIAL INSTRUMENTS (Fair Value of Financial Instruments) (Details) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Financial Instruments [Line Items]    
Fair Value Adjustments $ 17 $ 18
Long-term Debt [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost [1] 21,087 21,091
Financial Instruments, Gross Unrealized Gain (31) (129)
Financial Instruments Gross Unrealized Losses (1,993) (1,845)
Financial Instruments, Fair Value 23,049 22,807
Interest Rate Contract [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost 0 0
Financial Instruments, Gross Unrealized Gain 0 0
Financial Instruments Gross Unrealized Losses 4 5
Financial Instruments, Fair Value (4) (5)
Commodity Contract [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost 0 0
Financial Instruments, Gross Unrealized Gain [2] 103 56
Financial Instruments Gross Unrealized Losses [2] 287 213
Financial Instruments, Fair Value [2] (184) (157)
Foreign Currency Contract [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost 0 0
Financial Instruments, Gross Unrealized Gain 50 84
Financial Instruments Gross Unrealized Losses 56 30
Financial Instruments, Fair Value (6) 54
Debt Securities [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost [3] 1,248 1,230
Financial Instruments, Gross Unrealized Gain [3] 41 40
Financial Instruments Gross Unrealized Losses [3] 15 17
Financial Instruments, Fair Value [3] 1,274 1,253
Marketable Securities [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost [3] 1,913 1,888
Financial Instruments, Gross Unrealized Gain [3] 147 138
Financial Instruments Gross Unrealized Losses [3] 50 67
Financial Instruments, Fair Value [3] 2,010 1,959
Equity Securities [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost [3] 665 658
Financial Instruments, Gross Unrealized Gain [3] 106 98
Financial Instruments Gross Unrealized Losses [3] 35 50
Financial Instruments, Fair Value [3] 736 706
Corporate Bond Securities [Member] | Debt Securities [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost [3] 632 623
Financial Instruments, Gross Unrealized Gain [3] 27 27
Financial Instruments Gross Unrealized Losses [3] 4 5
Financial Instruments, Fair Value [3] 655 645
Us Treasury and Us Government Obligations [Member] | Debt Securities [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost [3],[4] 616 607
Financial Instruments, Gross Unrealized Gain [3],[4] 14 13
Financial Instruments Gross Unrealized Losses [3],[4] 11 12
Financial Instruments, Fair Value [3],[4] $ 619 $ 608
[1] Cost includes fair value hedge adjustments of $17 million at March 31, 2017 and $18 million at December 31, 2016.
[2] Presented net of cash collateral, as disclosed in Note 8.
[3] Included in “Other investments” in the consolidated balance sheets.
[4] U.S. Treasury obligations, U.S. agency obligations, agency mortgage-backed securities and other municipalities’ obligations.