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v3.25.1

Derivatives and Financial Instruments - Schedule of Commodity Derivative Assets and Liabilities (Details) - USD ($) $ in Millions | Mar. 31, 2025 | Dec. 31, 2024
--- | --- | ---
Assets |  |
Liabilities | $ (3,131) | $ (2,118)
Effect of Collateral Netting | 0 | 0
Liabilities |  |
Assets | 3,131 | 2,118
Effect of Collateral Netting | 121 | 62
Not Designated as Hedging Instrument | Commodity Derivatives |  |
Liabilities |  |
Effect of Collateral Netting | 121 | 62
Total |  |
Assets | 3,230 | 2,217
Liabilities | (3,320) | (2,219)
Net Carrying Value Presented on the Balance Sheet | 31 | 60
Not Designated as Hedging Instrument | Commodity Derivatives | Prepaid expenses and other current assets |  |
Assets |  |
Assets | 683 | 1,021
Liabilities | (584) | (922)
Effect of Collateral Netting | 0 | 0
Net Carrying Value Presented on the Balance Sheet | 99 | 99
Not Designated as Hedging Instrument | Commodity Derivatives | Other accruals |  |
Liabilities |  |
Assets | 2,469 | 1,136
Liabilities | (2,643) | (1,226)
Effect of Collateral Netting | 101 | 46
Net Carrying Value Presented on the Balance Sheet | (73) | (44)
Not Designated as Hedging Instrument | Commodity Derivatives | Other liabilities and deferred credits |  |
Liabilities |  |
Assets | 78 | 60
Liabilities | (93) | (71)
Effect of Collateral Netting | 20 | 16
Net Carrying Value Presented on the Balance Sheet | $ 5 | $ 5

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