v3.6.0.2
Assets and Liabilities with Recurring Fair Value Measurements (Details) - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and Cash Equivalents, Fair Value Disclosure [1] $ 606 $ 1,134
Margin Deposit Assets [2] 350 89
Commodity Futures Contracts Assets, Fair Value Disclosure 1,542 1,736
Commodity Forward Contracts Assets, Fair Value Disclosure [3] 697 274
Interest Rate Derivative Assets, at Fair Value 29 1
Assets, Fair Value Disclosure 3,224 3,234
Margin deposits posted with us by our counterparties [2],[4] 16 35
Commodity Futures Contracts Liabilities, Fair Value Disclosure 1,570 1,604
Commodity Forward Contracts Liabilities, Fair Value Disclosure [3] 478 513
Interest Rate Derivative Liabilities, at Fair Value 58 90
Liabilities, Fair Value Disclosure 2,122 2,242
Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and Cash Equivalents, Fair Value Disclosure [1] 606 1,134
Margin Deposit Assets 350 89
Commodity Futures Contracts Assets, Fair Value Disclosure 1,542 1,736
Commodity Forward Contracts Assets, Fair Value Disclosure [3] 0 0
Interest Rate Derivative Assets, at Fair Value 0 0
Assets, Fair Value Disclosure 2,498 2,959
Margin deposits posted with us by our counterparties 16 35
Commodity Futures Contracts Liabilities, Fair Value Disclosure 1,570 1,604
Commodity Forward Contracts Liabilities, Fair Value Disclosure [3] 0 0
Interest Rate Derivative Liabilities, at Fair Value 0 0
Liabilities, Fair Value Disclosure 1,586 1,639
Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and Cash Equivalents, Fair Value Disclosure [1] 0 0
Margin Deposit Assets 0 0
Commodity Futures Contracts Assets, Fair Value Disclosure 0 0
Commodity Forward Contracts Assets, Fair Value Disclosure [3] 231 220
Interest Rate Derivative Assets, at Fair Value 29 1
Assets, Fair Value Disclosure 260 221
Margin deposits posted with us by our counterparties 0 0
Commodity Futures Contracts Liabilities, Fair Value Disclosure 0 0
Commodity Forward Contracts Liabilities, Fair Value Disclosure [3] 411 413
Interest Rate Derivative Liabilities, at Fair Value 58 90
Liabilities, Fair Value Disclosure 469 503
Fair Value, Inputs, Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and Cash Equivalents, Fair Value Disclosure [1] 0 0
Margin Deposit Assets 0 0
Commodity Futures Contracts Assets, Fair Value Disclosure 0 0
Commodity Forward Contracts Assets, Fair Value Disclosure [3] 466 54
Interest Rate Derivative Assets, at Fair Value 0 0
Assets, Fair Value Disclosure 466 54
Margin deposits posted with us by our counterparties 0 0
Commodity Futures Contracts Liabilities, Fair Value Disclosure 0 0
Commodity Forward Contracts Liabilities, Fair Value Disclosure [3] 67 100
Interest Rate Derivative Liabilities, at Fair Value 0 0
Liabilities, Fair Value Disclosure $ 67 $ 100
[1] As of December 31, 2016 and 2015, we had cash and cash equivalents of $418 million and $906 million included in cash and cash equivalents and $188 million and $228 million included in restricted cash, respectively.
[2] Balances are subject to master netting arrangements and presented on a gross basis on our Consolidated 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, and we do not offset amounts recognized for the right to reclaim, or the obligation to return, cash collateral with corresponding derivative instrument fair values. See Note 8 for further discussion of our derivative instruments subject to master netting arrangements.
[3] Includes OTC swaps and options.
[4] Included in other current liabilities on our Consolidated Balance Sheets.