Derivative and Financial Instruments (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2020 | |
| Derivative and Financial Instruments [Abstract] | |
| Balance sheet location and fair value amounts of derivatives | The following table presents the gross fair values line items where they appear on our consolidated Millions of Dollars March 31 December 31 2020 2019 Assets Prepaid expenses and other current assets $ 364
288
Other assets 35
34
Liabilities Other accruals 336
283
Other liabilities and deferred credits 23
28
The following table presents the gross fair values collateral, and the line items where they appear Millions of Dollars March 31 December 31 2020 2019 Assets Prepaid expenses and other current assets $ 40
1
Other Assets 21
-
Liabilities Other accruals 14
20
Other liabilities and deferred credits -
8
|
| Income statement location and gain/loss amounts of derivatives | The gains (losses) from commodity derivatives consolidated income statement were: Millions of Dollars March 31 2020 2019 Sales and other operating revenues $ 47
19
Other income (loss) 2
(1)
Purchased commodities (27)
(20)
The gains from foreign currency exchange derivatives consolidated income statement were: Millions of Dollars March 31 2020 2019 Foreign currency transactions (gain) loss $ (74)
(2)
|
| Net exposures from outstanding commodity derivative contracts | The table below summarizes our material net exposures contracts: Open Position Long/(Short) March 31 December 31 2020 2019 Commodity Natural gas and power (billion cubic feet equivalent) -
(5)
(19)
(23)
We had the following net notional position of outstanding foreign currency exchange In Millions Notional Currency March 31 December 31 2020 2019 Foreign Currency Exchange Derivatives Buy GBP, GBP 5
4
Sell CAD, buy USD CAD 441
1,337
|
| Net carrying amount of held to maturity investments | Millions of Dollars |
| Debt Securities Carried at Fair Value | The following investments in debt securities sheet at fair value: Millions of Dollars Carrying Amount Cash and Cash Equivalents Short-Term Investments Investments and Long-Term Receivables March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 Corporate Bonds Maturities within one year $ -
1
126
59
-
-
Maturities greater than one year through five years -
-
-
-
140
99
Commercial Paper Maturities within one year 19
8
110
30
-
-
U.S. Government Obligations Maturities within one year -
-
-
10
-
-
Maturities greater than one year through five years -
-
-
-
21
15
U.S. Government Agency Obligations Maturities greater than one year through five years -
-
-
-
5
-
Asset-backed Securities Maturities greater than one year through five years -
-
-
-
38
19
$ 19
9
236
99
204
133
|
| Amortized cost basis and fair value of investments in debt securities classified as available for sale | The following table summarizes the amortized classified as available for sale at March 31, 2020: Millions of Dollars Amortized Cost Basis Fair Value Major Security Type Corporate bonds $ 269
266
Commercial paper 129
129
U.S. government obligations 21
21
U.S. government agency obligations 5
5
Asset-backed securities 38
38
$ 462
459
|