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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income (loss) $ 325 $ 1,288
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:    
Impairment charges 9 22
Foreign exchange (gain) loss on net debt 103 (174)
Depreciation, depletion and amortization 226 208
Share-based compensation expense 34 34
Deferred income tax expense (benefit) (27) 67
Results from affiliates 38 (61)
Other, net 49 53
Changes in operating assets and liabilities, excluding the effects of acquisitions and dispositions:    
Trade accounts receivable 173 290
Inventories (1,273) (195)
Secured advances to suppliers 88 (11)
Trade accounts payable and accrued liabilities (147) (605)
Advances on sales (90) (220)
Net unrealized (gains) losses on derivative contracts 329 (262)
Margin deposits (315) (22)
Recoverable and income taxes, net (149) (87)
Marketable securities (21) 36
Other, net 168 111
Cash provided by (used for) operating activities (480) 472
INVESTING ACTIVITIES    
Payments made for capital expenditures (533) (541)
Proceeds from investments 554 14
Payments for investments (638) (20)
Settlements of net investment hedges (1) (48)
Proceeds from beneficial interest in securitized trade receivables 0 79
Proceeds from disposals of businesses and property, plant and equipment 3 162
Proceeds from investments in affiliates 103 0
Payments for investments in affiliates (18) (130)
Other, net (18) 100
Cash provided by (used for) investing activities (548) (384)
FINANCING ACTIVITIES    
Net change in short-term debt with maturities of three months or less 271 (26)
Proceeds from short-term debt with maturities greater than three months 496 457
Repayments of short-term debt with maturities greater than three months (590) (282)
Proceeds from long-term debt 15 978
Repayments of long-term debt (1) (879)
Repurchases of registered shares (400) 0
Dividends paid to registered and common shareholders (191) (188)
Capital contributions from (Return of capital to) noncontrolling interest 31 33
Other, net (19) (1)
Cash provided by (used for) financing activities (388) 92
Effect of exchange rate changes on cash and cash equivalents, and restricted cash (6) 28
Net increase (decrease) in cash and cash equivalents, and restricted cash (1,422) 208
Cash and cash equivalents, and restricted cash - beginning of period 2,623 1,152
Cash and cash equivalents, and restricted cash - end of period $ 1,201 $ 1,360