v3.26.1
Fair Value Measurements - Schedule of Fair Value of Derivative Assets and Liabilities and Effect of Counterparty Netting (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Total Fair Value of Gross Assets & Liabilities $ 26,253 $ 2,974
Effect of Counterparty Netting (25,426) (2,670)
Effect of Collateral Netting 0 0
Difference in Carrying Value and Fair Value 0 0
Net Carrying Value Presented on the Balance Sheet 827 304
Liabilities    
Total fair value gross liabilities 53,486 21,435
Effect of Counterparty Netting (25,426) (2,670)
Effect of Collateral Netting (1,497) (20)
Difference in Carrying Value and Fair Value 800 621
Net Carrying Value Presented on the Balance Sheet 27,363 19,366
Level 1    
Assets    
Total Fair Value of Gross Assets & Liabilities 25,578 2,901
Liabilities    
Total fair value gross liabilities 26,920 2,680
Level 2    
Assets    
Total Fair Value of Gross Assets & Liabilities 673 69
Liabilities    
Total fair value gross liabilities 26,564 18,754
Level 3    
Assets    
Total Fair Value of Gross Assets & Liabilities 2 4
Liabilities    
Total fair value gross liabilities 2 1
Rabbi trust assets    
Assets    
Investments in Rabbi trust assets and in NOVONIX 134 144
Difference in Carrying Value and Fair Value 0 0
Rabbi trust assets | Level 1    
Assets    
Investments in Rabbi trust assets and in NOVONIX 134 144
Rabbi trust assets | Level 2    
Assets    
Investments in Rabbi trust assets and in NOVONIX 0 0
Rabbi trust assets | Level 3    
Assets    
Investments in Rabbi trust assets and in NOVONIX 0 0
Investment in NOVONIX    
Assets    
Investments in Rabbi trust assets and in NOVONIX 17 26
Difference in Carrying Value and Fair Value 0 0
Investment in NOVONIX | Level 1    
Assets    
Investments in Rabbi trust assets and in NOVONIX 17 26
Investment in NOVONIX | Level 2    
Assets    
Investments in Rabbi trust assets and in NOVONIX 0 0
Investment in NOVONIX | Level 3    
Assets    
Investments in Rabbi trust assets and in NOVONIX 0 0
Floating-rate debt    
Liabilities    
Debt 7,916 400
Difference in Carrying Value and Fair Value 0 0
Floating-rate debt | Net Carrying Value Presented on the Balance Sheet    
Liabilities    
Debt 7,916 400
Floating-rate debt | Level 1    
Liabilities    
Debt 0 0
Floating-rate debt | Level 2    
Liabilities    
Debt 7,916 400
Floating-rate debt | Level 3    
Liabilities    
Debt 0 0
Fixed-rate debt, excluding finance leases and software obligations    
Liabilities    
Debt 18,046 18,324
Difference in Carrying Value and Fair Value 800 621
Fixed-rate debt, excluding finance leases and software obligations | Net Carrying Value Presented on the Balance Sheet    
Liabilities    
Debt 18,846 18,945
Fixed-rate debt, excluding finance leases and software obligations | Level 1    
Liabilities    
Debt 0 0
Fixed-rate debt, excluding finance leases and software obligations | Level 2    
Liabilities    
Debt 18,046 18,324
Fixed-rate debt, excluding finance leases and software obligations | Level 3    
Liabilities    
Debt 0 0
Commodity derivatives | Exchange-cleared instruments    
Assets    
Commodity Derivative Assets 25,427 2,731
Effect of Counterparty Netting (25,423) (2,660)
Effect of Collateral Netting 0 0
Difference in Carrying Value and Fair Value 0 0
Net Carrying Value Presented on the Balance Sheet 4 71
Liabilities    
Derivative liabilities 26,920 2,680
Effect of Counterparty Netting (25,423) (2,660)
Effect of Collateral Netting (1,497) (20)
Difference in Carrying Value and Fair Value 0 0
Net Carrying Value Presented on the Balance Sheet 0 0
Commodity derivatives | Physical forward contracts    
Assets    
Commodity Derivative Assets 675 73
Effect of Counterparty Netting (3) (10)
Effect of Collateral Netting 0 0
Difference in Carrying Value and Fair Value 0 0
Net Carrying Value Presented on the Balance Sheet 672 63
Liabilities    
Derivative liabilities 604 31
Effect of Counterparty Netting (3) (10)
Effect of Collateral Netting 0 0
Difference in Carrying Value and Fair Value 0 0
Net Carrying Value Presented on the Balance Sheet 601 21
Commodity derivatives | Level 1 | Exchange-cleared instruments    
Assets    
Commodity Derivative Assets 25,427 2,731
Liabilities    
Derivative liabilities 26,920 2,680
Commodity derivatives | Level 1 | Physical forward contracts    
Assets    
Commodity Derivative Assets 0 0
Liabilities    
Derivative liabilities 0 0
Commodity derivatives | Level 2 | Exchange-cleared instruments    
Assets    
Commodity Derivative Assets 0 0
Liabilities    
Derivative liabilities 0 0
Commodity derivatives | Level 2 | Physical forward contracts    
Assets    
Commodity Derivative Assets 673 69
Liabilities    
Derivative liabilities 602 30
Commodity derivatives | Level 3 | Exchange-cleared instruments    
Assets    
Commodity Derivative Assets 0 0
Liabilities    
Derivative liabilities 0 0
Commodity derivatives | Level 3 | Physical forward contracts    
Assets    
Commodity Derivative Assets 2 4
Liabilities    
Derivative liabilities $ 2 $ 1