Equity method investments (Tables)

3 Months Ended

Mar. 31, 2023

Equity Method Investments And Joint Ventures [Abstract]

Summary of carrying value and fair value of investments

The common stock of Kraft Heinz and Occidental are publicly traded. The fair values and carrying values of these investments in addition to the carrying values of our other significant equity method investments are summarized as follows (in millions).

	Carrying Value				Fair Value
	March 31, 2023		December 31, 2022		March 31, 2023		December 31, 2022
Kraft Heinz	$	13,033	$	12,937	$	12,585	$	13,249
Occidental		12,927		11,484		13,217		12,242
Other		443		3,629
	$	26,403	$	28,050

Summary of earnings and distributions received from equity method investments

	Equity in Earnings				Distributions Received
	First Quarter				First Quarter
	2023		2022		2023		2022
Kraft Heinz	$	222	$	206	$	130	$	130
Occidental		370		—		25		—
Other		96		133		—		2
	$	688	$	339	$	155	$	132

Summarized unaudited financial information of Kraft Heinz

Summarized consolidated financial information of Kraft Heinz follows (in millions).

	April 1, 2023		December 31, 2022
Assets	$	90,943	$	90,513
Liabilities		41,590		41,643

	First Quarter
	2023		2022
Sales	$	6,489	$	6,045
Net earnings attributable to Kraft Heinz common shareholders		836		776

Summarized consolidated financial information of Occidental follows (in millions).

	December 31, 2022
Assets	$	72,609
Liabilities		42,524

	Quarter ending December 31, 2022
Total revenues and other income	$	8,326
Net earnings attributable to Occidental common shareholders		1,727