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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
Assets and liabilities measured at fair value on a recurring basis at December 31, 2022 and 2021 are as follows:
Total Cost BasisQuoted Prices In
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Total Fair Value
Millions of dollars20222021202220212022202120222021
Short-term investments (1)
$1,209 $1,905 $934 $1,697 $275 $208 $1,209 $1,905 
Net derivative contracts— — — — (44)66 (44)66 
(1)Short-term investments are primarily comprised of money market funds and highly liquid, low risk investments with initial maturities less than 90 days.