v3.22.2
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - DERIVATIVE POSITIONS (Details)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2022
USD ($)
MMBTU
MWh
day
t
Dec. 31, 2021
USD ($)
MWh
MMBTU
day
t
Interest rate | Long | Swaps    
Derivative    
Notional amount of derivative $ 373 $ 2,924
Interest rate | Long | Futures    
Derivative    
Notional amount of derivative 0 0
Interest rate | Short | Swaps    
Derivative    
Notional amount of derivative 1,726 2,506
Interest rate | Short | Futures    
Derivative    
Notional amount of derivative 141 0
Foreign exchange | Long | Swaps    
Derivative    
Notional amount of derivative 2,281 1,362
Foreign exchange | Long | Futures    
Derivative    
Notional amount of derivative 0 0
Foreign exchange | Long | Forwards    
Derivative    
Notional amount of derivative 11,476 12,961
Foreign exchange | Long | Options    
Derivative    
Delta 105 88
Foreign exchange | Short | Swaps    
Derivative    
Notional amount of derivative 1,799 1,422
Foreign exchange | Short | Futures    
Derivative    
Notional amount of derivative 10 8
Foreign exchange | Short | Forwards    
Derivative    
Notional amount of derivative 13,095 14,065
Foreign exchange | Short | Options    
Derivative    
Delta $ 95 $ 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 27,140,385 29,329,244
Agricultural commodities | Long | Options    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 300,204 218,106
Agricultural commodities | Short | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 2,272,498 502,652
Agricultural commodities | Short | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 3,478,696 7,221,848
Agricultural commodities | Short | Forwards    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 31,127,699 34,810,969
Agricultural commodities | Short | Options    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 0 116,370
Ocean freight | Long | FFA    
Derivative    
Nonmonetary notional amount of derivatives (in Hire Days) | day 0 0
Ocean freight | Long | Options    
Derivative    
Nonmonetary notional amount of derivatives (in Hire Days) | day 372 548
Ocean freight | Short | FFA    
Derivative    
Nonmonetary notional amount of derivatives (in Hire Days) | day 14,919 6,713
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 1,046,445 1,764,455
Natural gas | Long | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MMBTU 6,759,096 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 491,977 741,307
Energy - other | Short | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 258,525 426,476
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 169,356 256,949
Energy - CO2 | Long | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 258,000 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 $ 10 $ 20
Other | Short | Swaps and futures    
Derivative    
Notional amount of derivative 40 585
Fair value hedges | Interest rate    
Derivative    
Notional amount of derivative 3,831 4,006
Cumulative adjustment to long-term debt from application of hedge accounting (232) 0
Carrying value of hedged debt 3,579 3,990
Fair value hedges | Foreign exchange    
Derivative    
Notional amount of derivative 225 267
Carrying value of hedged debt 225 267
Cash flow hedges | Foreign exchange    
Derivative    
Amounts expected to be reclassified from AOCI to earnings in the next twelve months 4  
Cash flow hedges | Foreign exchange | Forwards    
Derivative    
Notional amount of derivative 306 148
Cash flow hedges | Foreign exchange | Options    
Derivative    
Notional amount of derivative 30 60
Net investment hedges | Foreign exchange    
Derivative    
Notional amount of derivative $ 945 $ 1,020