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FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
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Sep. 30, 2023
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:
Fair Value Measurements on a Recurring Basis |  | Sep 30, 2023 |  | Dec 31, 2022
In millions | Fair Value Level | Cost | Gain | Loss | Fair Value |  | Cost | Gain | Loss | Fair Value
Assets at fair value: |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |
Held-to-maturity securities 1 | Level 2 | $ | 699 |  | $ | — |  | $ | — |  | $ | 699 |  |  | $ | 872 |  | $ | — |  | $ | — |  | $ | 872 |
Money market funds | Level 2 | 1,209 |  | — |  | — |  | 1,209 |  |  | 355 |  | — |  | — |  | 355 |
Marketable securities 2 | Level 2 | 886 |  | 28 |  | — |  | 914 |  |  | 927 |  | 12 |  | — |  | 939 |
Nonconsolidated affiliates 3 | Level 3 |  |  |  | 7 |  |  |  |  |  | 7 |
Other investments: |  |  |  |  |  |  |  |  |  |
Debt securities: 4 |  |  |  |  |  |  |  |  |  |
Government debt 5 | Level 2 | 763 |  | — |  | (146) |  | 617 |  |  | 754 |  | 1 |  | (133) |  | 622 |
Corporate bonds | Level 1 | 24 |  | — |  | (4) |  | 20 |  |  | 38 |  | — |  | (3) |  | 35 |
Corporate bonds | Level 2 | 1,215 |  | 13 |  | (151) |  | 1,077 |  |  | 1,236 |  | 10 |  | (156) |  | 1,090 |
Corporate bonds | Level 3 | 200 |  | — |  | — |  | 200 |  |  | — |  | — |  | — |  | — |
Equity securities 4, 6 | Level 1 | 4 |  | 11 |  | — |  | 15 |  |  | 5 |  | 5 |  | — |  | 10 |
Derivatives relating to: 7 |  |  |  |  |  |  |  |  |  |
Interest rates | Level 2 | — |  | 72 |  | — |  | 72 |  |  | — |  | 351 |  | — |  | 351 |
Foreign currency | Level 2 | — |  | 205 |  | — |  | 205 |  |  | — |  | 204 |  | — |  | 204 |
Commodities | Level 1 | — |  | 12 |  | — |  | 12 |  |  | — |  | 63 |  | — |  | 63 |
Commodities | Level 2 | — |  | 126 |  | — |  | 126 |  |  | — |  | 158 |  | — |  | 158 |
Total assets at fair value |  |  |  |  | $ | 5,173 |  |  |  |  |  | $ | 4,706 |
Liabilities at fair value: |  |  |  |  |  |  |  |  |  |
Long-term debt including debt due within one year 8 | Level 2 | $ | (14,702) |  | $ | 1,968 |  | $ | (354) |  | $ | (13,088) |  |  | $ | (15,060) |  | $ | 1,683 |  | $ | (498) |  | $ | (13,875) |
Guarantee liability 9 | Level 3 |  |  |  | (183) |  |  |  |  |  | (199) |
Derivatives relating to: 7 |  |  |  |  |  |  |  |  |  |
Interest rates | Level 2 | — |  | — |  | (293) |  | (293) |  |  | — |  | — |  | (246) |  | (246) |
Foreign currency | Level 2 | — |  | — |  | (235) |  | (235) |  |  | — |  | — |  | (119) |  | (119) |
Commodities | Level 1 | — |  | — |  | (11) |  | (11) |  |  |  | — |  | (103) |  | (103) |
Commodities | Level 2 | — |  | — |  | (130) |  | (130) |  |  | — |  | — |  | (167) |  | (167) |
Total liabilities at fair value |  |  |  |  | $ | (13,940) |  |  |  |  |  | $ | (14,709) |
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.Estimated asset for an investment in a limited liability company included in "Investment in nonconsolidated affiliates" in the consolidated balance sheets. 4.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. 5.U.S. Treasury obligations, U.S. agency obligations, U.S. agency mortgage-backed securities and other municipalities’ obligations. 6.Equity securities with a readily determinable fair value. 7.See Note 14 for classification of derivatives in the consolidated balance sheets. 8.Cost includes fair value hedge adjustment losses of $50 million at September 30, 2023 and gains of $46 million at December 31, 2022 on $4,479 million of debt at September 30, 2023 and $2,279 million of debt at December 31, 2022. 9.Estimated liability for TDCC's guarantee of Sadara's debt which is included in "Other noncurrent obligations" in the consolidated balance sheets.

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- 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 -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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