v2.3.0.15
Our Assets and Liabilities with Recurring Fair Value Measurements (Details 1) (USD $)
In Millions
Sep. 30, 2011
Dec. 31, 2010
Assets and liabilities accounted for at fair value [Line Items]  
Cash equivalents$ 1,491$ 1,297[1]
Margin deposits182[2]162[2]
Commodity futures contracts assets631550
Commodity forward contracts assets184341[3]
Interest rate swaps assets94
Total assets2,4972,354
Margin deposits held by us posted by our counterparties5[2],[4]6[2],[4]
Commodity futures contracts liabilities589574
Commodity forward contracts liabilities132143[3]
Interest rate swaps liabilities361371
Total liabilities1,0871,094
Level 1
  
Assets and liabilities accounted for at fair value [Line Items]  
Cash equivalents1,4911,297[1]
Margin deposits182162
Commodity futures contracts assets631550
Commodity forward contracts assets  [3]
Interest rate swaps assets  
Total assets2,3042,009
Margin deposits held by us posted by our counterparties56
Commodity futures contracts liabilities589574
Commodity forward contracts liabilities  [3]
Interest rate swaps liabilities  
Total liabilities594580
Level 2
  
Assets and liabilities accounted for at fair value [Line Items]  
Cash equivalents  [1]
Margin deposits  
Commodity futures contracts assets  
Commodity forward contracts assets143287[3]
Interest rate swaps assets94
Total assets152291
Margin deposits held by us posted by our counterparties  
Commodity futures contracts liabilities  
Commodity forward contracts liabilities118119[3]
Interest rate swaps liabilities361371
Total liabilities479490
Level 3
  
Assets and liabilities accounted for at fair value [Line Items]  
Cash equivalents  [1]
Margin deposits  
Commodity futures contracts assets  
Commodity forward contracts assets4154[3]
Interest rate swaps assets  
Total assets4154
Margin deposits held by us posted by our counterparties  
Commodity futures contracts liabilities  
Commodity forward contracts liabilities1424[3]
Interest rate swaps liabilities  
Total liabilities$ 14$ 24
[1]

At September 30, 2011 and December 31, 2010, we had cash equivalents of $1,280 million and $1,094 million included in cash and cash equivalents and $211 million and $203 million included in restricted cash, respectively.

[2]

Balances are subject to master netting arrangements and presented on a gross basis on our Consolidated Condensed Balance Sheets. We do not offset fair value amounts recognized for derivative instruments executed with the same counterparty under a master netting arrangement for financial statement presentation.

[3]

Includes OTC swaps and options.

[4]

Included in other current liabilities on our Consolidated Condensed Balance Sheets.