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Derivative Instruments - Schedule of Level 3 Derivatives Activity (Details) - Physical Liquefaction Supply Derivatives and Physical LNG Trading Derivative - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023
Fair Value, Assets (Liabilities) Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Balance, beginning of period |  | $ (1,729) | $ (4,611) | $ (2,178) | $ (9,924)
Realized and change in fair value gains (losses) included in net income: |  |  |  |  |
Included in cost of sales, existing deals | [1],[2] | 256 | 1,197 | 470 | 5,350
Included in cost of sales, new deals | [1],[3] | (4) | 8 | 11 | 26
Purchases and settlements: |  |  |  |  |
Purchases | [4] | 0 | 0 | 0 | 0
Settlements | [5] | 204 | 187 | 426 | 1,323
Transfers out of level 3 | [6] | 5 | 3 | 3 | 9
Balance, end of period |  | (1,268) | (3,216) | (1,268) | (3,216)
Favorable changes in fair value relating to instruments still held at the end of the period |  | $ 252 | $ 1,205 | $ 481 | $ 5,376
[1] | Does not include the realized value associated with derivative instruments that settle through physical delivery, as settlement is equal to the contractually fixed price from trade date multiplied by contractual volume. See settlements line item in this table.
[2] | Impact to earnings on deals that existed at the beginning of the period and continue to exist at the end of the period.
[3] | Impact to earnings on deals that were entered into during the reporting period and continue to exist at the end of the period.
[4] | Includes any day one gain (loss) recognized during the reporting period on deals that were entered into during the reporting period which continue to exist at the end of the period.
[5] | Roll-off in the current period of amounts recognized in our Consolidated Balance Sheets at the end of the previous period due to settlement of the underlying instruments in the current period.
[6] | Transferred out of Level 3 as a result of observable market for the underlying natural gas purchase agreements

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- Definition Amount of unrealized gain (loss) recognized in income from liability measured at fair value on recurring basis using unobservable input (level 3) and still held. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Amount of purchases of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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