v3.7.0.1
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - ASSETS AND LIABILITIES AT FAIR VALUE (Details) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Assets:    
Unrealized gain $ 1,594 $ 1,327
Deferred purchase price receivable (Note 13 ) 96 87
Liabilities:    
Unrealized loss 1,444 1,203
Other non-current assets    
Unrealized gains (losses) on designated and undesignated derivative contracts    
Unrealized gains (losses) on derivative contracts 0 5
Other non-current liabilities    
Unrealized gains (losses) on designated and undesignated derivative contracts    
Unrealized gains (losses) on derivative contracts 28 18
Assets and liabilities measured at fair value on a recurring basis    
Assets:    
Readily marketable inventories (Note 5) 4,376 3,855
Trade accounts receivable 7 6
Deferred purchase price receivable (Note 13 ) 96 87
Other 706 126
Total assets 6,779 5,405
Liabilities:    
Trade accounts payable 1,112 522
Total liabilities 2,584 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 23 18
Assets and liabilities measured at fair value on a recurring basis | Designated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain 21 29
Liabilities:    
Unrealized loss 2  
Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Interest rate    
Assets:    
Unrealized gain 4 1
Liabilities:    
Unrealized loss 3  
Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain 308 312
Liabilities:    
Unrealized loss 310 233
Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Commodities    
Assets:    
Unrealized gain 1,225 948
Liabilities:    
Unrealized loss 1,091 944
Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Freight    
Assets:    
Unrealized gain 22 16
Liabilities:    
Unrealized loss 24 15
Assets and liabilities measured at fair value on a recurring basis | Undesignated derivative contracts | Energy    
Assets:    
Unrealized gain 14 24
Liabilities:    
Unrealized loss 19 11
Assets and liabilities measured at fair value on a recurring basis | Level 1    
Assets:    
Other 17 18
Total assets 699 478
Liabilities:    
Total liabilities 663 379
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain 2  
Liabilities:    
Unrealized loss 3  
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Commodities    
Assets:    
Unrealized gain 648 421
Liabilities:    
Unrealized loss 623 356
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Freight    
Assets:    
Unrealized gain 18 16
Liabilities:    
Unrealized loss 21 14
Assets and liabilities measured at fair value on a recurring basis | Level 1 | Undesignated derivative contracts | Energy    
Assets:    
Unrealized gain 14 23
Liabilities:    
Unrealized loss 16 9
Assets and liabilities measured at fair value on a recurring basis | Level 2    
Assets:    
Readily marketable inventories (Note 5) 3,753 3,618
Trade accounts receivable 7 6
Deferred purchase price receivable (Note 13 ) 96 87
Other 689 108
Total assets 5,406 4,594
Liabilities:    
Trade accounts payable 659 478
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 23 18
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Designated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain 21 29
Liabilities:    
Unrealized loss 2  
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Interest rate    
Assets:    
Unrealized gain 4 1
Liabilities:    
Unrealized loss 3  
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Foreign exchange    
Assets:    
Unrealized gain 306 312
Liabilities:    
Unrealized loss 307 233
Assets and liabilities measured at fair value on a recurring basis | Level 2 | Undesignated derivative contracts | Commodities    
Assets:    
Unrealized gain 530 431
Liabilities:    
Unrealized loss 423 444
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 5) 623 237
Total assets 674 333
Liabilities:    
Trade accounts payable 453 44
Total liabilities 504 191
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Commodities    
Assets:    
Unrealized gain 47 96
Liabilities:    
Unrealized loss 45 144
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Freight    
Assets:    
Unrealized gain 4  
Liabilities:    
Unrealized loss 3 1
Assets and liabilities measured at fair value on a recurring basis | Level 3 | Undesignated derivative contracts | Energy    
Liabilities:    
Unrealized loss 3 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 7 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 $ 1,112 $ 522