Fair Value Measurements (Tables)

3 Months Ended

12 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Jun. 30, 2011

Fair Value Measurements

Fair Value Measurements At Reporting Date

	Fair Value Measurements at September 30, 2011
	Quoted Prices in  Active Markets  for Identical  Assets  (Level 1)		Significant  Other  Observable  Inputs  (Level 2)		Significant  Unobservable Inputs (Level 3)		Total
	(In millions)
Assets:
Inventories carried at market	$	–	$	4,550	$	1,348	$	5,898
Unrealized derivative gains:
Commodity contracts		1,217		1,438		270		2,925
Foreign exchange contracts		–		260		–		260
Marketable securities		1,351		67		–		1,418
Total Assets	$	2,568	$	6,315	$	1,618	$	10,501
Liabilities:
Unrealized derivative losses:
Commodity contracts	$	1,233	$	1,194	$	244	$	2,671
Foreign exchange contracts		–		311		–		311
Inventory-related payables		–		181		134		315
Total Liabilities	$	1,233	$	1,686	$	378	$	3,297

	Fair Value Measurements at June 30, 2011
	Quoted Prices in  Active Markets  for Identical  Assets  (Level 1)		Significant  Other  Observable  Inputs  (Level 2)		Significant  Unobservable Inputs (Level 3)		Total
	(In millions)
Assets:
Inventories carried at market	$	–	$	5,153	$	762	$	5,915
Unrealized derivative gains:
Commodity contracts		1,198		1,457		112		2,767
Foreign exchange contracts		–		237		–		237
Interest rate contracts		–		3		–		3
Marketable securities		1,628		328		–		1,956
Total Assets	$	2,826	$	7,178	$	874	$	10,878
Liabilities:
Unrealized derivative losses:
Commodity contracts	$	1,317	$	1,193	$	44	$	2,554
Foreign exchange contracts		–		178		–		178
Inventory-related payables		–		278		45		323
Total Liabilities	$	1,317	$	1,649	$	89	$	3,055

Reconciliation of All Assets Measured at Fair Value On A Recurring Basis Using Significant Unobservable Inputs (Level 3)

	Level 3 Fair Value Asset Measurements at September 30, 2011
	Inventories  Carried at  Market			Commodity Derivative Contracts Gains			Total Assets
	(In millions)
Balance, June 30, 2011	$	762		$	112		$	874
Total increase (decrease) in realized or       unrealized gains included in cost of       products sold*		(46	)		197			151
Purchases		136			4			140
Sales		(261	)		–			(261	)
Settlements		–			(59	)		(59	)
Transfers into Level 3		767			50			817
Transfers out of Level 3		(10	)		(34	)		(44	)
Ending balance, September 30, 2011	$	1,348		$	270		$	1,618

Reconciliation of All Liabilities Measured at Fair Value On A Recurring Basis Using Significant Unobservable Inputs (Level 3)

	Level 3 Fair Value Liability Measurements at September 30, 2011
	Inventory-  related  Payables			Commodity Derivative Contracts Losses			Total Liabilities
	(In millions)
Balance, June 30, 2011	$	45		$	44		$	89
Total increase (decrease) in realized or       unrealized losses included in cost of       products sold*		–			170			170
Purchases		(6	)		1			(5	)
Sales		2			–			2
Settlements		–			19			19
Transfers into Level 3		93			15			108
Transfers out of Level 3		–			(5	)		(5	)
Ending balance, September 30, 2011	$	134		$	244		$	378

Reconciliation of All Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Significant Unobservable Inputs (Level 3)

	Level 3 Fair Value Measurements at September 30, 2010
	Inventories  Carried at  Market, Net			Commodity Derivative Contracts, Net			Total
	(In millions)
Balance, June 30, 2010	$	427		$	13		$	440
Total gains (losses), realized or       unrealized, included in earnings       before income taxes*		31			37			68
Purchases, issuances and settlements		71			1			72
Transfers into Level 3		6			1			7
Transfers out of Level 3		(164	)		(17	)		(181	)
Ending balance, September 30, 2010	$	371		$	35		$	406