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FAIR VALUE MEASUREMENTS (Tables) | 3 Months Ended
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Mar. 31, 2025
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 | Mar 31, 2025 |  | Dec 31, 2024
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 | $ | 114 |  | $ | — |  | $ | — |  | $ | 114 |  |  | $ | 96 |  | $ | — |  | $ | — |  | $ | 96 |
Money market funds | Level 2 | 567 |  | — |  | — |  | 567 |  |  | 1,164 |  | — |  | — |  | 1,164 |
Marketable securities 2 | Level 2 | 393 |  | — |  | (53) |  | 340 |  |  | 453 |  | — |  | (70) |  | 383 |
Other investments: |  |  |  |  |  |  |  |  |  |
Debt securities: 3 |  |  |  |  |  |  |  |  |  |
Government debt 4 | Level 2 | 1,107 |  | 13 |  | (115) |  | 1,005 |  |  | 1,103 |  | 13 |  | (123) |  | 993 |
Corporate bonds | Level 1 | 18 |  | — |  | (1) |  | 17 |  |  | 18 |  | — |  | (1) |  | 17 |
Corporate bonds | Level 2 | 923 |  | 6 |  | (85) |  | 844 |  |  | 954 |  | 6 |  | (88) |  | 872 |
Corporate bonds | Level 3 | 200 |  | — |  | (35) |  | 165 |  |  | 200 |  | — |  | (49) |  | 151 |
Equity securities 3, 5 | Level 1 | 4 |  | 7 |  | — |  | 11 |  |  | 4 |  | 10 |  | — |  | 14 |
Derivatives relating to: 6 |  |  |  |  |  |  |  |  |  |
Interest rates | Level 2 | — |  | 53 |  | — |  | 53 |  |  | — |  | 20 |  | — |  | 20 |
Foreign currency | Level 2 | — |  | 81 |  | — |  | 81 |  |  | — |  | 107 |  | — |  | 107 |
Commodities | Level 1 | — |  | 8 |  | — |  | 8 |  |  | — |  | 4 |  | — |  | 4 |
Commodities | Level 2 | — |  | 108 |  | — |  | 108 |  |  | — |  | 87 |  | — |  | 87 |
Total assets at fair value |  |  |  |  | $ | 3,313 |  |  |  |  |  | $ | 3,908 |
Liabilities at fair value: |  |  |  |  |  |  |  |  |  |
Long-term debt including debt due within one year 7 | Level 2 | $ | (16,434) |  | $ | 1,520 |  | $ | (462) |  | $ | (15,376) |  |  | $ | (16,208) |  | $ | 1,487 |  | $ | (484) |  | $ | (15,205) |
Guarantee liability 8 | Level 3 |  |  |  | (149) |  |  |  |  |  | (155) |
Derivatives relating to: 6 |  |  |  |  |  |  |  |  |  |
Interest rates | Level 2 | — |  | — |  | (38) |  | (38) |  |  | — |  | — |  | (47) |  | (47) |
Foreign currency | Level 2 | — |  | — |  | (328) |  | (328) |  |  | — |  | — |  | (142) |  | (142) |
Commodities | Level 1 | — |  | — |  | (2) |  | (2) |  |  | — |  | — |  | (1) |  | (1) |
Commodities | Level 2 | — |  | — |  | (80) |  | (80) |  |  | — |  | — |  | (64) |  | (64) |
Total liabilities at fair value |  |  |  |  | $ | (15,973) |  |  |  |  |  | $ | (15,614) |
1.The Company's held-to-maturity securities primarily relate to treasury bills and time deposits. At March 31, 2025, $97 million is included in "Cash and cash equivalents" ($96 million at December 31, 2024) and $17 million is included in "Other current assets" (zero at December 31, 2024) in the consolidated balance sheets. 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.U.S. Treasury obligations, U.S. agency obligations, U.S. agency mortgage-backed securities and other municipalities’ obligations. 5.Equity securities with a readily determinable fair value. 6.See Note 16 for classification of derivatives in the consolidated balance sheets. 7.Cost includes fair value hedge adjustment gains of $29 million at March 31, 2025 and $9 million at December 31, 2024 on $5,255 million of debt at March 31, 2025 and $5,129 million at December 31, 2024. 8.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/2009/role/commonPracticeRef -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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
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