XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Inventories | 3 Months Ended
--- | ---
Mar. 31, 2024
Inventory Disclosure [Abstract] |
INVENTORIES | 3. INVENTORIES Inventories consisted of the following (in millions):
| March 31, 2024 |  | December 31, 2023
Refinery feedstocks | $ | 2,366 |  |  | $ | 2,223 |
Refined petroleum products and blendstocks | 3,847 |  |  | 3,790 |
Renewable diesel feedstocks and products | 1,051 |  |  | 913 |
Ethanol feedstocks and products | 300 |  |  | 313 |
Materials and supplies | 348 |  |  | 344 |
Inventories | $ | 7,912 |  |  | $ | 7,583 |
As of March 31, 2024 and December 31, 2023, the replacement cost (market value) of last-in, first-out (LIFO) inventories exceeded their LIFO carrying amounts by $6.0 billion and $4.4 billion, respectively. Our non-LIFO inventories accounted for $1.3 billion and $1.5 billion of our total inventories as of March 31, 2024 and December 31, 2023, respectively.

X
- References No definition available. + Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//330/tableOfContent + Details
Name: | us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration