XML 63 R54.htm IDEA: XBRL DOCUMENT v3.23.3
SEGMENTS - Schedule of Industry Segments and Eliminations (Details)
shares in Millions, $ in Millions
1 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2023
USD ($)
Sep. 30, 2023
USD ($)
Jun. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2023
USD ($)
segment
shares
Sep. 30, 2022
USD ($)
shares
Segment Information            
Number of operating segments | segment         3  
Net sales   $ 7,158   $ 9,390 $ 21,085 $ 28,415
Income (loss) before income taxes   1,809   3,648 4,870 11,717
Income tax expense   (434)   (902) (1,372) (340)
NET INCOME   1,375   2,746 3,498 11,377
Gains on sales of assets, net $ 142 192   74 197 232
Maxus Filed Bankruptcy            
Segment Information            
Gains related to legal settlements     $ 260   260  
Deferred Income Tax Charge            
Segment Information            
Deferred tax benefit (charge)   3     (65)  
Black Butte Coal            
Segment Information            
Impairment of equity method investment         29  
Land            
Segment Information            
Impairment and related charges   0     180  
Oil and gas | Black Butte Coal            
Segment Information            
Impairment of equity method investment         29  
Oil and gas | Land            
Segment Information            
Impairment and related charges         180  
Operating segments | Oil and gas            
Segment Information            
Net sales   5,594   7,098 15,860 20,869
Income (loss) before income taxes   1,969   3,345 4,668 10,337
Income tax expense   0   0 0 0
NET INCOME   1,969   3,345 4,668 10,337
Gains related to legal settlements         26  
Operating segments | Oil and gas | Disposed of by sale, not discontinued operations | Permian Basin            
Segment Information            
Gains on sales of assets, net   142     142 147
Operating segments | Chemical            
Segment Information            
Net sales   1,309   1,691 4,089 5,284
Income (loss) before income taxes   373   580 1,281 2,051
Income tax expense   0   0 0 0
NET INCOME   373   580 1,281 2,051
Operating segments | Midstream and marketing            
Segment Information            
Net sales   552   1,005 1,919 3,361
Income (loss) before income taxes   (130)   104 (158) 318
Income tax expense   0   0 0 0
NET INCOME   (130)   104 (158) 318
Operating segments | Midstream and marketing | Disposed of by sale, not discontinued operations | WES Midstream segment            
Segment Information            
Impairment and related charges   34     60  
Mark to market gain (loss) on interest rate swaps   (81)   84 (41) 186
Gain on sale         $ 51 $ 62
Number of limited partner units sold (in shares) | shares         5.1 10.0
Corporate and eliminations            
Segment Information            
Net sales   (297)   (404) $ (783) $ (1,099)
Income (loss) before income taxes   (403)   (381) (921) (989)
Income tax expense   (434)   (902) (1,372) (340)
NET INCOME   $ (837)   (1,283) $ (2,293) (1,329)
Mark to market gain (loss) on interest rate swaps       $ 70   332
Non-cash income tax benefit from reorganization           2,600
Gain on debt extinguished           $ 143