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INVENTORIES (Tables) | 12 Months Ended
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Dec. 31, 2021
INVENTORIES |
Schedule of Inventories table text block | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31 |  | December 31 |
($ millions) | ​ | 2021 | ​ | 2020 |
Crude oil(1) |  | 1 501 |  | 1 429 | ​
Refined products |  | 1 820 |  | 1 322 | ​
Materials, supplies and merchandise |  | 789 |  | 866 | ​
​ |  | 4 110 |  | 3 617 | ​
(1) | Includes $110 million of inventories held for trading purposes (2020 – $154 million), which are measured at fair value less costs to sell based on Level 1 and Level 2 fair value inputs.

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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References No definition available. + Details
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