v3.22.1
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - DERIVATIVE POSITIONS (Details)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2022
USD ($)
MMBTU
MWh
day
t
Dec. 31, 2021
USD ($)
MWh
MMBTU
day
t
Interest rate | Long | Swaps    
Derivative    
Notional amount of derivative $ 919 $ 2,924
Interest rate | Long | Futures    
Derivative    
Notional amount of derivative 0 0
Interest rate | Short | Swaps    
Derivative    
Notional amount of derivative 1,673 2,506
Interest rate | Short | Futures    
Derivative    
Notional amount of derivative 248 0
Foreign exchange | Long | Swaps    
Derivative    
Notional amount of derivative 1,799 1,362
Foreign exchange | Long | Futures    
Derivative    
Notional amount of derivative 0 0
Foreign exchange | Long | Forwards    
Derivative    
Notional amount of derivative 10,896 12,961
Foreign exchange | Long | Options    
Derivative    
Delta 107 88
Foreign exchange | Short | Swaps    
Derivative    
Notional amount of derivative 1,259 1,422
Foreign exchange | Short | Futures    
Derivative    
Notional amount of derivative 2 8
Foreign exchange | Short | Forwards    
Derivative    
Notional amount of derivative 10,459 14,065
Foreign exchange | Short | Options    
Derivative    
Delta $ 91 $ 106
Agricultural commodities | Long | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 0 33,250
Agricultural commodities | Long | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 0 0
Agricultural commodities | Long | Forwards    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 32,682,139 29,329,244
Agricultural commodities | Long | Options    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 575,922 218,106
Agricultural commodities | Short | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 408,233 502,652
Agricultural commodities | Short | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 9,442,614 7,221,848
Agricultural commodities | Short | Forwards    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 31,661,439 34,810,969
Agricultural commodities | Short | Options    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 109,187 116,370
Ocean freight | Long | FFA    
Derivative    
Nonmonetary notional amount of derivatives (in Hire Days) | day 11,082 12,010
Ocean freight | Long | Options    
Derivative    
Nonmonetary notional amount of derivatives (in Hire Days) | day 467 548
Ocean freight | Short | FFA    
Derivative    
Nonmonetary notional amount of derivatives (in Hire Days) | day 22,126 18,723
Ocean freight | Short | Options    
Derivative    
Nonmonetary notional amount of derivatives (in Hire Days) | day 0 0
Natural gas | Long | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MMBTU 0 1,764,455
Natural gas | Long | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MMBTU 6,667,500 5,147,500
Natural gas | Short | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MMBTU 0 0
Natural gas | Short | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MMBTU 0 0
Energy - other | Long | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 1,813,236 741,307
Energy - other | Short | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 199,711 426,476
Electricity | Long | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MWh 536,325 670,973
Electricity | Short | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MWh 169,355 256,949
Energy - CO2 | Long | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 216,000 0
Energy - CO2 | Short | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 0 0
Other | Long | Swaps and futures    
Derivative    
Notional amount of derivative $ 11 $ 20
Other | Short | Swaps and futures    
Derivative    
Notional amount of derivative 55 585
Fair value hedges | Interest rate    
Derivative    
Notional amount of derivative 3,888 4,006
Cumulative adjustment to long-term debt from application of hedge accounting (146) 0
Carrying value of hedged debt 3,722 3,990
Fair value hedges | Foreign exchange    
Derivative    
Notional amount of derivative 252 267
Carrying value of hedged debt 252 267
Cash flow hedges | Foreign exchange    
Derivative    
Amounts expected to be reclassified from AOCI to earnings in the next twelve months 2  
Cash flow hedges | Foreign exchange | Forwards    
Derivative    
Notional amount of derivative 188 148
Cash flow hedges | Foreign exchange | Options    
Derivative    
Notional amount of derivative 30 60
Net investment hedges | Foreign exchange    
Derivative    
Notional amount of derivative $ 1,121 $ 1,020