Fair Value Measurements (Tables)

3 Months Ended

12 Months Ended

3 Months Ended

Sep. 30, 2012

Jun. 30, 2012

Sep. 30, 2012

Significant Unobservable Inputs (Level 3) [Member]

Sep. 30, 2011

Significant Unobservable Inputs (Level 3) [Member]

Fair Value Measurements At Reporting Date

	Fair Value Measurements at September 30, 2012
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable
	Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
			(In millions)
Assets:
Inventories carried at market	$	-	$	5,653	$	1,755	$	7,408
Unrealized derivative gains:
Commodity contracts		1,393		1,697		282		3,372
Foreign exchange contracts		-		222		-		222
Interest contracts		-		1		-		1
Marketable securities		2,064		11		-		2,075
Deferred consideration		-		894		-		894
Total Assets	$	3,457	$	8,478	$	2,037	$	13,972
Liabilities:
Unrealized derivative losses:
Commodity contracts	$	1,769	$	917	$	216	$	2,902
Foreign exchange contracts		-		243		1		244
Other contracts		-		3		-		3
Inventory-related payables		-		539		40		579
Total Liabilities	$	1,769	$	1,702	$	257	$	3,728

	Fair Value Measurements at June 30, 2012
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable
	Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
			(In millions)
Assets:
Inventories carried at market	$	-	$	5,297	$	1,462	$	6,759
Unrealized derivative gains:
Commodity contracts		1,275		1,397		171		2,843
Foreign exchange contracts		-		219		-		219
Other Contracts		-		1		-		1
Marketable securities		1,666		26		-		1,692
Deferred consideration		-		629		-		629
Total Assets	$	2,941	$	7,569	$	1,633	$	12,143
Liabilities:
Unrealized derivative losses:
Commodity contracts	$	1,487	$	1,038	$	179	$	2,704
Foreign exchange contracts		2		289		-		291
Inventory-related payables		-		307		38		345
Total Liabilities	$	1,489	$	1,634	$	217	$	3,340

Reconciliation Of Assets Measured At Fair Value On A Recurring Basis

	Level 3 Fair Value Assets Measurements at
	September 30, 2012
			Commodity
	Inventories		Derivative
	Carried at		Contracts		Total
	Market		Gains		Assets
	(In millions)
Balance, June 30, 2012	$	1,462	$	171	$	1,633
Total increase (decrease) in unrealized
gains included in cost of products sold		164		109		273
Purchases		2,390		-		2,390
Sales		(2,225)		-		(2,225)
Settlements		-		(95)		(95)
Transfers into Level 3		157		128		285
Transfers out of Level 3		(193)		(31)		(224)
Ending balance, September 30, 2012	$	1,755	$	282	$	2,037

	Level 3 Fair Value Asset Measurements at
	September 30, 2011
			Commodity
	Inventories		Derivative
	carried at		Contracts		Total
	Market		Gains		Assets
	(In millions)
Balance, June 30, 2011	$	762	$	112	$	874
Total increase (decrease) in unrealized gains
included in cost of products sold		(46)		197		151
Purchases		136		4		140
Sales		(261)		-		(261)
Settlements		-		(59)		(59)
Transfers into Level 3		767		50		817
Transfers out of Level 3		(10)		(34)		(44)
Ending balance, September 30, 2011	$	1,348	$	270	$	1,618

Reconciliation Of Liabilities Measured At Fair Value On A Recurring Basis

	Level 3 Fair Value Liability Measurements at
	September 30, 2012
			Commodity
	Inventory-		Derivative
	related		Contracts		Total
	Payables		Losses		Liabilities
	(In millions)
Balance, June 30, 2012	$	38	$	179	$	217
Total increase (decrease) in unrealized
losses included in cost of products sold		-		86		86
Purchases		2		-		2
Sales		-		-		-
Settlements		-		(105)		(105)
Transfers into Level 3		-		73		73
Transfers out of Level 3		-		(16)		(16)
Ending balance, September 30, 2012	$	40	$	217	$	257

	Level 3 Fair Value Liability Measurements at
	September 30, 2011
			Commodity
	Inventory-		Derivative
	related		Contracts		Total
	Payables		Losses		Liabilities
	(In millions)
Balance, June 30, 2011	$	45	$	44	$	89
Total increase (decrease) in unrealized losses
included in cost of products sold		-		170		170
Purchases		(6)		1		(5)
Sales		2		-		2
Settlements		-		19		19
Transfers into Level 3		93		15		108
Transfers out of Level 3		-		(5)		(5)
Ending balance, September 30, 2011	$	134	$	244	$	378

Unobservable Price Components Present in the Level 3 Valuations of Assets and Liabilities Measured at Fair Value on a Recurring Basis

	Weighted Average
	% of Total Price
	September 30, 2012				June 30, 2012
Component Type	Assets		Liabilities		Assets		Liabilities
Inventories
Basis	14.8	%	4.0	%	8.8	%	2.3	%
Transportation cost	10.7	%	7.4	%	8.5	%	7.9	%
Commodity Derivative Contracts
Basis	18.4	%	19.0	%	12.6	%	11.8	%
Transportation cost	8.6	%	14.9	%	12.6	%	14.0	%