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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details) (USD $)
In Millions, unless otherwise specified |
Mar. 31, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Fair Value Measurements | ||
| Percentage of fair value of inputs considered unobservable inputs (Level 3), greater than | 10.00% | 10.00% |
| Assets | ||
| Unrealized gain on derivative contracts | $ 1,336 | $ 1,230 |
| Deferred Purchase Price Receivable | 137 | 134 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 1,447 | 1,185 |
|
Other non-current assets
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| Unrealized gains on designated and undesignated derivative contracts | ||
| Unrealized gains on derivative contracts | 20 | 0 |
|
Other non-current liabilities
|
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| Unrealized gains on designated and undesignated derivative contracts | ||
| Unrealized gains on derivative contracts | 0 | 0 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 1
|
||
| Assets | ||
| Other | 248 | 234 |
| Total assets | 670 | 304 |
| Liabilities | ||
| Total liabilities | 487 | 199 |
|
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 | 376 | 61 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 414 | 153 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Freight
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 10 | |
| Liabilities | ||
| Unrealized loss on derivative contracts | 17 | 3 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Energy Derivatives
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 36 | 9 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 56 | 42 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2
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| Assets | ||
| Readily marketable inventories | 3,398 | 4,815 |
| Deferred Purchase Price Receivable | 137 | 134 |
| Other | 75 | 32 |
| Total assets | 4,408 | 5,875 |
| Liabilities | ||
| Total liabilities | 813 | 786 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Designated derivative contracts | Foreign exchange
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 17 | 1 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Foreign exchange
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 229 | 194 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 303 | 119 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Commodities
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 545 | 697 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 510 | 667 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Freight
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 5 | |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Energy Derivatives
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 2 | 2 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 3
|
||
| Assets | ||
| Readily marketable inventories | 1,187 | 436 |
| Total assets | 1,303 | 702 |
| Liabilities | ||
| Total liabilities | 147 | 200 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Commodities
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 103 | 264 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 99 | 180 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Freight
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 1 | |
| Liabilities | ||
| Unrealized loss 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 | 13 | 1 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 47 | 20 |
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Assets and liabilities measured at fair value on a recurring basis | Fair Value
|
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| Assets | ||
| Readily marketable inventories | 4,585 | 5,251 |
| Deferred Purchase Price Receivable | 137 | 134 |
| Other | 323 | 266 |
| Total assets | 6,381 | 6,881 |
| Liabilities | ||
| Total liabilities | 1,447 | 1,185 |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Designated derivative contracts | Foreign exchange
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 17 | 1 |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Foreign exchange
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 229 | 194 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 303 | 120 |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Commodities
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 1,024 | 1,022 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 1,023 | 1,000 |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Freight
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 15 | 1 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 18 | 3 |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Energy Derivatives
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 51 | 12 |
| Liabilities | ||
| Unrealized loss on derivative contracts | $ 103 | $ 62 |