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FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
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 BasisSep 30, 2023Dec 31, 2022
In millionsFair Value LevelCostGainLossFair ValueCostGainLossFair Value
Assets at fair value:
Cash equivalents:
Held-to-maturity securities 1
Level 2$699 $— $— $699 $872 $— $— $872 
Money market fundsLevel 21,209 — — 1,209 355 — — 355 
Marketable securities 2
Level 2886 28 — 914 927 12 — 939 
Nonconsolidated affiliates 3
Level 37 7 
Other investments:
Debt securities: 4
Government debt 5
Level 2763 — (146)617 754 1 (133)622 
Corporate bondsLevel 124 — (4)20 38 — (3)35 
Corporate bondsLevel 21,215 13 (151)1,077 1,236 10 (156)1,090 
Corporate bondsLevel 3200 — — 200 — — — — 
Equity securities 4, 6
Level 14 11 — 15 5 5 — 10 
Derivatives relating to: 7
Interest ratesLevel 2— 72 — 72 — 351 — 351 
Foreign currencyLevel 2— 205 — 205 — 204 — 204 
CommoditiesLevel 1— 12 — 12 — 63 — 63 
CommoditiesLevel 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 ratesLevel 2— — (293)(293)— — (246)(246)
Foreign currencyLevel 2— — (235)(235)— — (119)(119)
CommoditiesLevel 1— — (11)(11)— (103)(103)
CommoditiesLevel 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.