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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 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 | $ 1,733 | $ 1,230 |
| Deferred Purchase Price Receivable | 104 | 134 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 1,528 | 1,185 |
|
Other non-current assets
|
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| Unrealized gains on designated and undesignated derivative contracts | ||
| Unrealized gains on derivative contracts | 0 | 0 |
|
Other non-current liabilities
|
||
| 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 | 271 | 234 |
| Total assets | 622 | 304 |
| Liabilities | ||
| Total liabilities | 414 | 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 | 1 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Commodities
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 280 | 61 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 307 | 153 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Freight
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 58 | |
| Liabilities | ||
| Unrealized loss on derivative contracts | 73 | 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 | 13 | 9 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 33 | 42 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2
|
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| Assets | ||
| Readily marketable inventories | 3,639 | 4,776 |
| Deferred Purchase Price Receivable | 104 | 134 |
| Other | 56 | 32 |
| Total assets | 5,064 | 5,836 |
| Liabilities | ||
| Total liabilities | 972 | 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 | 1 | |
| Liabilities | ||
| Unrealized loss on derivative contracts | 30 | |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Foreign exchange
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 557 | 194 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 387 | 119 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Commodities
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 708 | 697 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 555 | 667 |
|
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 | |
|
Assets and liabilities measured at fair value on a recurring basis | Level 3
|
||
| Assets | ||
| Readily marketable inventories | 854 | 436 |
| Total assets | 971 | 702 |
| Liabilities | ||
| Total liabilities | 142 | 200 |
|
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Commodities
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 111 | 264 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 116 | 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 | 10 | |
|
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Energy Derivatives
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 6 | 1 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 16 | 20 |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value
|
||
| Assets | ||
| Readily marketable inventories | 4,493 | 5,212 |
| Deferred Purchase Price Receivable | 104 | 134 |
| Other | 327 | 266 |
| Total assets | 6,657 | 6,842 |
| Liabilities | ||
| Total liabilities | 1,528 | 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 | 1 | |
| Liabilities | ||
| Unrealized loss on derivative contracts | 30 | |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Foreign exchange
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 557 | 194 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 388 | 120 |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Commodities
|
||
| Assets | ||
| Unrealized gain on derivative contracts | 1,099 | 1,022 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 978 | 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 | 58 | 1 |
| Liabilities | ||
| Unrealized loss on derivative contracts | 83 | 3 |
|
Assets and liabilities measured at fair value on a recurring basis | Fair Value | Undesignated derivative contracts | Energy Derivatives
|
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| Assets | ||
| Unrealized gain on derivative contracts | 19 | 12 |
| Liabilities | ||
| Unrealized loss on derivative contracts | $ 49 | $ 62 |