XML 93 R71.htm IDEA: XBRL DOCUMENT v3.24.0.1
INCOME TAXES - COMPONENTS OF DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Deferred tax liabilities    
Property, plant and equipment differences $ (6,994) $ (7,218)
Equity investments, partnerships and international subsidiaries (709) (441)
Gross long-term deferred tax liabilities (7,703) (7,659)
Deferred tax assets    
Environmental reserves 223 229
Postretirement benefit accruals 229 235
Deferred compensation and benefits 237 207
Asset retirement obligations 722 799
Foreign tax credit carryforwards 2,759 3,622
Business credit carryforwards 43 30
Net operating loss carryforward 1,056 1,058
Interest expense carryforward 11 11
All other 586 771
Gross long-term deferred tax assets 5,866 6,962
Valuation allowance (3,901) (4,785)
Net long-term deferred tax assets 1,965 2,177
Total deferred income tax liability, net (5,738) (5,482)
Less: foreign deferred tax asset in long-term receivables and other assets, net (26) (30)
Total deferred income tax liability $ (5,764) $ (5,512)