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FINANCIAL INSTRUMENTS (Fair Value of Financial Instruments) (Details) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Financial Instruments [Line Items]    
Fair Value Adjustments $ 14 $ 18
Long-term Debt [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost [1] 21,027 21,091
Financial Instruments, Gross Unrealized Gain (6) (129)
Financial Instruments Gross Unrealized Losses (2,218) (1,845)
Financial Instruments, Fair Value 23,239 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 5 5
Financial Instruments, Fair Value (5) (5)
Commodity Contract [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost 0 0
Financial Instruments, Gross Unrealized Gain [2] 61 56
Financial Instruments Gross Unrealized Losses [2] 269 213
Financial Instruments, Fair Value [2] (208) (157)
Foreign Currency Contract [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost 0 0
Financial Instruments, Gross Unrealized Gain 25 84
Financial Instruments Gross Unrealized Losses 182 30
Financial Instruments, Fair Value (157) 54
Debt Securities [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost [3] 1,220 1,230
Financial Instruments, Gross Unrealized Gain [3] 45 40
Financial Instruments Gross Unrealized Losses [3] 11 17
Financial Instruments, Fair Value [3] 1,254 1,253
Marketable Securities [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost [3] 1,910 1,888
Financial Instruments, Gross Unrealized Gain [3] 129 138
Financial Instruments Gross Unrealized Losses [3] 40 67
Financial Instruments, Fair Value [3] 1,999 1,959
Equity Securities [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost [3] 690 658
Financial Instruments, Gross Unrealized Gain [3] 84 98
Financial Instruments Gross Unrealized Losses [3] 29 50
Financial Instruments, Fair Value [3] 745 706
Corporate Bond Securities [Member] | Debt Securities [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost [3] 610 623
Financial Instruments, Gross Unrealized Gain [3] 30 27
Financial Instruments Gross Unrealized Losses [3] 3 5
Financial Instruments, Fair Value [3] 637 645
Us Treasury and Us Government Obligations [Member] | Debt Securities [Member]    
Financial Instruments [Line Items]    
Financial Instruments, Cost [3],[4] 610 607
Financial Instruments, Gross Unrealized Gain [3],[4] 15 13
Financial Instruments Gross Unrealized Losses [3],[4] 8 12
Financial Instruments, Fair Value [3],[4] $ 617 $ 608
[1] Cost includes fair value hedge adjustments of $14 million at June 30, 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.