v3.23.2
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - DERIVATIVE POSITIONS (Details)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2023
USD ($)
MMBTU
MWh
day
t
Dec. 31, 2022
USD ($)
MWh
MMBTU
day
t
Interest rate | Long | Swaps    
Derivative    
Notional amount of derivative $ 79 $ 387
Interest rate | Long | Futures    
Derivative    
Notional amount of derivative 0 0
Interest rate | Long | Forwards    
Derivative    
Notional amount of derivative 650 0
Interest rate | Short | Swaps    
Derivative    
Notional amount of derivative 1,675 1,267
Interest rate | Short | Futures    
Derivative    
Notional amount of derivative 416 97
Interest rate | Short | Forwards    
Derivative    
Notional amount of derivative 896 0
Foreign exchange | Long | Swaps    
Derivative    
Notional amount of derivative 2,776 2,441
Foreign exchange | Long | Futures    
Derivative    
Notional amount of derivative 0 11
Foreign exchange | Long | Forwards    
Derivative    
Notional amount of derivative 9,735 9,819
Foreign exchange | Long | Options    
Derivative    
Delta 36 0
Foreign exchange | Short | Swaps    
Derivative    
Notional amount of derivative 1,407 2,876
Foreign exchange | Short | Futures    
Derivative    
Notional amount of derivative 10 0
Foreign exchange | Short | Forwards    
Derivative    
Notional amount of derivative 12,003 9,682
Foreign exchange | Short | Options    
Derivative    
Delta $ 25 $ 102
Agricultural commodities | Long | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 0 0
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 33,130,064 20,493,679
Agricultural commodities | Long | Options    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 210,894 1,025
Agricultural commodities | Short | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 0 1,864,262
Agricultural commodities | Short | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 9,522,764 4,092,772
Agricultural commodities | Short | Forwards    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 34,407,272 27,766,763
Agricultural commodities | Short | Options    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 948,005 216,647
Ocean freight | Long | FFA    
Derivative    
Nonmonetary notional amount of derivatives (in Hire Days) | day 0 0
Ocean freight | Short | FFA    
Derivative    
Nonmonetary notional amount of derivatives (in Hire Days) | day 8,905 11,197
Natural gas | Long | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MMBTU 580,095 1,460,190
Natural gas | Long | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MMBTU 6,037,280 5,250,393
Natural gas | Long | Forwards    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MMBTU 24,619 0
Natural gas | Long | Options    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MMBTU 419,540 0
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
Natural gas | Short | Forwards    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MMBTU 24,620 0
Natural gas | Short | Options    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MMBTU 0 0
Electricity | Long | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MWh 28,800 22,987
Electricity | Long | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 0 0
Electricity | Short | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in MMBtus and Mwh) | MWh 10,800 8,619
Electricity | Short | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 73,496 0
Energy - other | Long | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 170,736 175,784
Energy - other | Long | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 0 1,320,881
Energy - other | Long | Options    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 0 0
Energy - other | Short | Swaps    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 0 0
Energy - other | Short | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 0 0
Energy - other | Short | Options    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 13,640 0
Energy - CO2 | Long | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 355,000 0
Energy - CO2 | Short | Futures    
Derivative    
Nonmonetary notional amount of derivatives (in Metric Tons) | t 0 38,000
Other | Long | Swaps and futures    
Derivative    
Notional amount of derivative $ 10 $ 20
Other | Short | Swaps and futures    
Derivative    
Notional amount of derivative 45 50
Fair value hedges | Interest rate    
Derivative    
Notional amount of derivative 2,900 3,753
Cumulative adjustment to long-term debt from application of hedge accounting (324) (341)
Carrying value of hedged debt 2,559 3,394
Fair value hedges | Foreign exchange    
Derivative    
Notional amount of derivative 212 232
Carrying value of hedged debt 212 232
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 61 310
Cash flow hedges | Foreign exchange | Options    
Derivative    
Notional amount of derivative 66 108
Net investment hedges | Foreign exchange    
Derivative    
Notional amount of derivative $ 725 $ 495