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Our Assets and Liabilities with Recurring Fair Value Measurements (Details 1) (USD $)
In Millions
Jun. 30, 2011
Dec. 31, 2010
Assets and liabilities accounted for at fair value [Line Items]    
Cash equivalents $ 1,334 $ 1,297 [1]
Margin deposits 133 [2] 162 [2]
Commodity futures contracts assets 460 550
Commodity forward contracts assets 218 341 [3]
Interest rate swaps assets 1 4
Total assets 2,146 2,354
Total liabilities 864 1,094
Margin deposits held by us posted by our counterparties   [2],[4] 6 [2],[4]
Commodity futures contracts liabilities 414 574
Commodity forward contracts liabilities 136 143 [3]
Interest rate swaps liabilities 314 371
Level 1
   
Assets and liabilities accounted for at fair value [Line Items]    
Cash equivalents 1,334 1,297 [1]
Margin deposits 133 162
Commodity futures contracts assets 460 550
Commodity forward contracts assets     [3]
Interest rate swaps assets    
Total assets 1,927 2,009
Total liabilities 414 580
Commodity futures contracts liabilities 414 574
Commodity forward contracts liabilities     [3]
Interest rate swaps liabilities    
Level 2
   
Assets and liabilities accounted for at fair value [Line Items]    
Cash equivalents     [1]
Margin deposits    
Commodity futures contracts assets    
Commodity forward contracts assets 173 287 [3]
Interest rate swaps assets 1 4
Total assets 174 291
Total liabilities 426 490
Commodity futures contracts liabilities    
Commodity forward contracts liabilities 112 119 [3]
Interest rate swaps liabilities 314 371
Level 3
   
Assets and liabilities accounted for at fair value [Line Items]    
Cash equivalents     [1]
Margin deposits    
Commodity futures contracts assets    
Commodity forward contracts assets 45 54 [3]
Interest rate swaps assets    
Total assets 45 54
Total liabilities 24 24
Commodity futures contracts liabilities    
Commodity forward contracts liabilities 24 24 [3]
Interest rate swaps liabilities    
[1]

At June 30, 2011, and December 31, 2010, we had cash equivalents of $1,144 million and $1,094 million included in cash and cash equivalents and $190 million and $203 million included in restricted cash, respectively.

[2]

Balances are subject to master netting arrangements and presented on a gross basis on our Consolidated Condensed Balance Sheets. We do not offset fair value amounts recognized for derivative instruments executed with the same counterparty under a master netting arrangement for financial statement presentation.

[3]

Includes OTC swaps and options.

[4]

Included in other current liabilities on our Consolidated Condensed Balance Sheets.