Fair Value Measurement (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2020 | |
| Fair Value Measurement [Abstract] | |
| Fair value hierarchy for gross financial assets and liabilities | Millions of Dollars |
| Commodity derivative balances subject to right of setoff | The following table summarizes those commodity presented on our consolidated balance sheet. multiple derivative instruments executed with the setoff exists. Millions of Dollars Amounts Subject to Right of Setoff Gross Amounts Not Gross Net Amounts Subject to Gross Amounts Amounts Cash Net Recognized Right of Setoff Amounts Offset Presented Collateral Amounts March 31, 2020 Assets $ 399
2
397
213
184
5
179
Liabilities 359
2
357
213
144
56
88
December 31, 2019 Assets $ 322
3
319
193
126
4
122
Liabilities 311
4
307
193
114
12
102
At March 31, 2020 and December 31, 2019, we sheet where we had the right of setoff. |
| Values of assets, by major category, measured at fair value on a nonrecurring basis | Non-Recurring Fair Value Measurement The following table summarizes the fair value assets accounted for at fair value on a non-recurring Millions of Dollars Fair Value Measurement Using Fair Value Level 3 Inputs Before-Tax Loss Net PP&E (held for use) March 31, 2020 $ 77
77
510
|
| Net fair value of financial instruments | The following table summarizes the net fair setoff exists for commodity derivatives): Millions of Dollars Carrying Amount Fair Value March 31 December 31 March 31 December 31 2020 2019 2020 2019 Financial assets Investment in Cenovus Energy $ 420
2,111
420
2,111
Commodity derivatives 181
125
181
125
Investments in debt securities 459
241
459
241
Total loans and advances—related parties 270
339
270
339
Financial liabilities Total debt, excluding finance leases 14,160
14,175
15,841
18,108
Commodity derivatives 90
106
90
106
|
| Range and arithmetic average of significant unobservable inputs - Wind River Basin | Fair Value (Millions of Dollars) Valuation Technique Unobservable Inputs Range (Arithmetic Average) |