|
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2012
|
Dec. 31, 2011
|
|---|---|---|
| Fair Value Measurements | ||
| Percentage of fair value of inputs considered unobservable inputs (Level 3), greater than (as a percent) | 10.00% | 10.00% |
| Assets | ||
| Deferred Purchase Price Receivable | $ 125 | $ 192 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 1
|
||
| Assets | ||
| Other | 210 | 146 |
| Total assets | 401 | 237 |
| Liabilities | ||
| Total liabilities | 335 | 152 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Foreign exchange
|
||
| Liabilities | ||
| Unrealized loss on derivative contracts | 1 | |
|
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Commodities
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 164 | 75 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 321 | 147 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Freight
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 7 | 5 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 3 | 1 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Energy Derivatives
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 20 | 11 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 10 | 4 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2
|
||
| Assets | ||
| Readily marketable inventories | 4,948 | 3,736 |
| Deferred Purchase Price Receivable | 125 | 192 |
| Other | 49 | 34 |
| Total assets | 6,516 | 5,025 |
| Liabilities | ||
| Total liabilities | 1,511 | 1,087 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Designated derivative contracts | Foreign exchange
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 14 | 13 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 13 | 45 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Interest Rate
|
||
| Liabilities | ||
| Unrealized loss on derivative contracts | 2 | |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Foreign exchange
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 210 | 451 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 158 | 617 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Commodities
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 1,166 | 586 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 1,340 | 417 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Energy Derivatives
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 4 | 13 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 6 | |
|
Assets and liabilities measured at fair value on a recurring basis | Level 3
|
||
| Assets | ||
| Readily marketable inventories | 1,127 | 283 |
| Total assets | 1,626 | 412 |
| Liabilities | ||
| Total liabilities | 222 | 131 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Foreign exchange
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 1 | |
|
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Commodities
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 496 | 125 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 210 | 116 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Freight
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 1 | |
|
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Energy Derivatives
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 3 | 2 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 12 | 15 |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value
|
||
| Assets | ||
| Readily marketable inventories | 6,075 | 4,019 |
| Deferred Purchase Price Receivable | 125 | 192 |
| Other | 259 | 180 |
| Total assets | 8,543 | 5,674 |
| Liabilities | ||
| Total liabilities | 2,068 | 1,370 |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Designated derivative contracts | Foreign exchange
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 14 | 13 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 13 | 45 |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Interest Rate
|
||
| Liabilities | ||
| Unrealized loss on derivative contracts | 2 | |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Foreign exchange
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 210 | 452 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 159 | 617 |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Commodities
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 1,826 | 786 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 1,871 | 680 |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Freight
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 7 | 6 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 3 | 1 |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Energy Derivatives
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 27 | 26 |
| Liabilities | ||
| Unrealized loss on derivative contracts | $ 22 | $ 25 |