XML 62 R44.htm IDEA: XBRL DOCUMENT v3.22.4
Financial Risk Management Activities (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Amounts of Outstanding Financial Risk Management Derivative Contracts
The notional amounts of outstanding financial risk management derivative contracts were as follows:
 December 31, 2022December 31, 2021
 (In millions)
Commodity – crude oil hedge contracts (millions of barrels)— 54.8 
Foreign exchange forwards and swaps$177 $145 
Interest rate swaps$100 $100 
Gross & Net Fair Values of Financial Risk Management Derivative Instruments
The table below reflects the gross and net fair values of risk management derivative instruments:
 AssetsLiabilities
 (In millions)
December 31, 2022  
Derivative Contracts Designated as Hedging Instruments:  
Interest rate swaps$— $(4)
Total derivative contracts designated as hedging instruments— (4)
Derivative Contracts Not Designated as Hedging Instruments:
Foreign exchange forwards and swaps— (2)
Total derivative contracts not designated as hedging instruments— (2)
Gross fair value of derivative contracts— (6)
Gross amount offset in the Consolidated Balance Sheet— — 
Net Amounts Presented in the Consolidated Balance Sheet$— $(6)
December 31, 2021
Derivative Contracts Designated as Hedging Instruments:
Crude oil collars$155 $— 
Interest rate swaps2 — 
Total derivative contracts designated as hedging instruments157 — 
Derivative Contracts Not Designated as Hedging Instruments:
Foreign exchange forwards and swaps— (1)
Total derivative contracts not designated as hedging instruments— (1)
Gross fair value of derivative contracts157 (1)
Gross amount offset in the Consolidated Balance Sheet— — 
Net Amounts Presented in the Consolidated Balance Sheet$157 $(1)