XML 64 R52.htm IDEA: XBRL DOCUMENT
v3.22.2

FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | The following table summarizes the bases used to measure certain assets and liabilities at fair value on a recurring basis:
Basis of Fair Value Measurements on a Recurring Basis | Jun 30, 2022 | Dec 31, 2021
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total
In millions
Assets at fair value: |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |
Held-to-maturity securities 1 | $ | — |  | $ | 277 |  | $ | — |  | $ | 277 |  | $ | — |  | $ | 317 |  | $ | — |  | $ | 317 |
Money market funds | — |  | 702 |  | — |  | 702 |  | — |  | 489 |  | — |  | 489 |
Marketable securities 2 | — |  | 169 |  | — |  | 169 |  | — |  | 245 |  | — |  | 245 |
Equity securities 3 | 12 |  | — |  | — |  | 12 |  | 20 |  | — |  | — |  | 20 |
Nonconsolidated affiliates 4 | — |  | — |  | 18 |  | 18 |  | — |  | — |  | — |  | — |
Debt securities: 3 |  |  |  |  |  |  |  |
Government debt 5 | — |  | 615 |  | — |  | 615 |  | — |  | 735 |  | — |  | 735 |
Corporate bonds | 32 |  | 1,094 |  | — |  | 1,126 |  | 44 |  | 1,280 |  | — |  | 1,324 |
Derivatives relating to: 6 |  |  |  |  |  |  |  |
Interest rates | — |  | 501 |  | — |  | 501 |  | — |  | 145 |  | — |  | 145 |
Foreign currency | — |  | 375 |  | — |  | 375 |  | — |  | 165 |  | — |  | 165 |
Commodities | 19 |  | 699 |  | — |  | 718 |  | 15 |  | 307 |  | — |  | 322 |
Total assets at fair value | $ | 63 |  | $ | 4,432 |  | $ | 18 |  | $ | 4,513 |  | $ | 79 |  | $ | 3,683 |  | $ | — |  | $ | 3,762 |
Liabilities at fair value: |  |  |  |  |  |  |  |
Long-term debt including debt due within one year 7 | $ | — |  | $ | 12,726 |  | $ | — |  | $ | 12,726 |  | $ | — |  | $ | 17,125 |  | $ | — |  | $ | 17,125 |
Guarantee liability 8 | — |  | — |  | 210 |  | 210 |  | — |  | — |  | 220 |  | 220 |
Derivatives relating to: 6 |  |  |  |  |  |  |  |
Interest rates | — |  | 334 |  | — |  | 334 |  | — |  | 284 |  | — |  | 284 |
Foreign currency | — |  | 400 |  | — |  | 400 |  | — |  | 137 |  | — |  | 137 |
Commodities | 46 |  | 571 |  | — |  | 617 |  | 37 |  | 257 |  | — |  | 294 |
Total liabilities at fair value | $ | 46 |  | $ | 14,031 |  | $ | 210 |  | $ | 14,287 |  | $ | 37 |  | $ | 17,803 |  | $ | 220 |  | $ | 18,060 |
1.The Company's held-to-maturity securities primarily included treasury bills and time deposits. 2.The Company’s investments in marketable securities are included in “Other current assets” in the consolidated balance sheets. 3.The Company’s investments in debt securities, which are primarily available-for-sale, and equity securities are included in “Other investments” in the consolidated balance sheets. 4.Estimated asset for the Company's investment in a limited liability company included in "Investment in nonconsolidated affiliates" in the consolidated balance sheets. 5.U.S. Treasury obligations, U.S. agency obligations, U.S. agency mortgage-backed securities and other municipalities’ obligations. 6.See Note 18 for the classification of derivatives in the consolidated balance sheets. 7.See Note 18 for information on fair value measurements of long-term debt. 8.Estimated liability for TDCC's guarantee of Sadara's debt which is included in "Other noncurrent obligations" in the consolidated balance sheets. See Note 12 for additional information.

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

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration