v3.7.0.1
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - ASSETS AND LIABILITIES AT FAIR VALUE (Details) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Assets:    
Unrealized gain $ 1,907 $ 1,327
Deferred purchase price receivable (Note 17) 95 87
Liabilities:    
Unrealized loss 1,539 1,203
Other non-current assets    
Unrealized gains (losses) on designated and undesignated derivative contracts    
Unrealized gains (losses) on derivative contracts 16 5
Other non-current liabilities    
Unrealized gains (losses) on designated and undesignated derivative contracts    
Unrealized gains (losses) on derivative contracts 27 18
Assets and liabilities measured at fair value on a recurring basis    
Assets:    
Readily marketable inventories (Note 4) 4,137 3,855
Trade accounts receivable 8 6
Deferred purchase price receivable (Note 17) 95 87
Other 443 126
Total assets 6,606 5,405
Liabilities:    
Trade accounts payable 1,008 522
Total liabilities 2,573 1,743
Assets and liabilities measured at fair value on a recurring basis | Designated derivative contracts | Interest rate    
Assets:    
Unrealized gain   1
Liabilities:    
Unrealized loss 27 18
Assets and liabilities measured at fair value on a recurring basis | Designated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain 37 29
Liabilities:    
Unrealized loss 1  
Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Interest rate    
Assets:    
Unrealized gain 1 1
Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain 468 312
Liabilities:    
Unrealized loss 270 233
Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Commodities    
Assets:    
Unrealized gain 1,367 948
Liabilities:    
Unrealized loss 1,217 944
Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Freight    
Assets:    
Unrealized gain 33 16
Liabilities:    
Unrealized loss 31 15
Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Energy    
Assets:    
Unrealized gain 17 24
Liabilities:    
Unrealized loss 19 11
Assets and liabilities measured at fair value on a recurring basis | Level 1    
Assets:    
Other 28 18
Total assets 707 478
Liabilities:    
Total liabilities 661 379
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain 5  
Liabilities:    
Unrealized loss 3  
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Commodities    
Assets:    
Unrealized gain 629 421
Liabilities:    
Unrealized loss 615 356
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Freight    
Assets:    
Unrealized gain 28 16
Liabilities:    
Unrealized loss 26 14
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Energy    
Assets:    
Unrealized gain 17 23
Liabilities:    
Unrealized loss 17 9
Assets and liabilities measured at fair value on a recurring basis | Level 2    
Assets:    
Readily marketable inventories (Note 4) 3,394 3,618
Trade accounts receivable 8 6
Deferred purchase price receivable (Note 17) 95 87
Other 415 108
Total assets 5,105 4,594
Liabilities:    
Trade accounts payable 636 478
Total liabilities 1,417 1,173
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Designated derivative contracts | Interest rate    
Assets:    
Unrealized gain   1
Liabilities:    
Unrealized loss 27 18
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Designated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain 37 29
Liabilities:    
Unrealized loss 1  
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Interest rate    
Assets:    
Unrealized gain 1 1
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain 463 312
Liabilities:    
Unrealized loss 267 233
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Commodities    
Assets:    
Unrealized gain 692 431
Liabilities:    
Unrealized loss 486 444
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Energy    
Assets:    
Unrealized gain   1
Assets and liabilities measured at fair value on a recurring basis | Level 3    
Assets:    
Readily marketable inventories (Note 4) 743 237
Total assets 794 333
Liabilities:    
Trade accounts payable 372 44
Total liabilities 495 191
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Commodities    
Assets:    
Unrealized gain 46 96
Liabilities:    
Unrealized loss 116 144
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Freight    
Assets:    
Unrealized gain 5  
Liabilities:    
Unrealized loss 5 1
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Energy    
Liabilities:    
Unrealized loss 2 2
Fair value | Assets and liabilities measured at fair value on a recurring basis    
Liabilities:    
Trade accounts receivable related to certain delivered inventory accounted for at prices that fluctuate based on changes in commodity prices and for which no payments had been received 8 6
Trade accounts payable related to certain delivered inventory accounted for at prices that fluctuate based on changes in commodity prices and for which no payments had been made $ 1,008 $ 522