v3.25.2
FINANCIAL INSTRUMENTS - Summary of assets and liabilities based on categories (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Dec. 31, 2023
Current assets:        
Cash and cash equivalents $ 5,358 $ 6,400 $ 5,838 $ 7,686
Restricted cash 85 84    
Trade accounts receivable and other 4,628 3,375    
Inventories 19,126 16,501    
Prepaid expenses and other current assets 3,576 3,022    
Assets classified as held for sale 199 0    
Total current assets 32,972 29,382    
Non-current assets:        
Goodwill and intangible assets 5,343 4,453    
Property, plant and equipment and biological assets 39,621 33,311    
Investments in associates and joint ventures 10,668 11,420    
Other investments 342 299    
Deferred tax assets 8,586 8,942    
Other assets 1,346 1,578    
Total non-current assets 65,906 60,003    
Total assets 98,878 89,385    
Current liabilities:        
Short-term debt and current portion of long-term debt 3,173 2,748    
Trade accounts payable and other 12,741 12,921    
Short-term provisions 1,036 938    
Accrued expenses and other liabilities 6,048 4,738    
Income tax liabilities 499 480    
Liabilities classified as held for sale 103 0    
Total current liabilities 23,600 21,825    
Non-current liabilities:        
Long-term debt, net of current portion (note 9) 10,559 8,815    
Deferred tax liabilities 2,429 2,338    
Deferred employee benefits 2,521 2,338    
Long-term provisions 1,750 1,361    
Other long-term obligations 1,549 1,422    
Total non-current liabilities 18,808 16,274    
Equity:        
Equity attributable to the equity holders of the parent 54,378 49,223    
Non-controlling interests 2,092 2,063    
Total equity 56,470 51,286 $ 54,299 $ 56,068
Total liabilities and equity 98,878 $ 89,385    
Restricted cash and cash equivalents environmental obligations 69      
Restricted cash and cash equivalents mandatory convertible bonds 13      
Non-financial liabilities        
Current liabilities:        
Short-term debt and current portion of long-term debt 0      
Trade accounts payable and other 0      
Short-term provisions 1,020      
Accrued expenses and other liabilities 1,543      
Income tax liabilities 499      
Liabilities classified as held for sale 103      
Total current liabilities 3,165      
Non-current liabilities:        
Long-term debt, net of current portion (note 9) 0      
Deferred tax liabilities 2,429      
Deferred employee benefits 2,521      
Long-term provisions 1,749      
Other long-term obligations 300      
Total non-current liabilities 6,999      
Equity:        
Equity attributable to the equity holders of the parent 54,378      
Non-controlling interests 2,092      
Total equity 56,470      
Total liabilities and equity 66,634      
Financial liabilities | Liabilities at amortised cost        
Current liabilities:        
Short-term debt and current portion of long-term debt 3,173      
Trade accounts payable and other 12,741      
Short-term provisions 16      
Accrued expenses and other liabilities 4,107      
Income tax liabilities 0      
Liabilities classified as held for sale 0      
Total current liabilities 20,037      
Non-current liabilities:        
Long-term debt, net of current portion (note 9) 10,559      
Deferred tax liabilities 0      
Deferred employee benefits 0      
Long-term provisions 1      
Other long-term obligations 1,018      
Total non-current liabilities 11,578      
Equity:        
Equity attributable to the equity holders of the parent 0      
Non-controlling interests 0      
Total equity 0      
Total liabilities and equity 31,615      
Financial liabilities | Derivatives        
Current liabilities:        
Short-term debt and current portion of long-term debt 0      
Trade accounts payable and other 0      
Short-term provisions 0      
Accrued expenses and other liabilities 398      
Income tax liabilities 0      
Liabilities classified as held for sale 0      
Total current liabilities 398      
Non-current liabilities:        
Long-term debt, net of current portion (note 9) 0      
Deferred tax liabilities 0      
Deferred employee benefits 0      
Long-term provisions 0      
Other long-term obligations 231      
Total non-current liabilities 231      
Equity:        
Equity attributable to the equity holders of the parent 0      
Non-controlling interests 0      
Total equity 0      
Total liabilities and equity 629      
Non-financial assets        
Current assets:        
Cash and cash equivalents 0      
Restricted cash 0      
Trade accounts receivable and other 0      
Inventories 19,126      
Prepaid expenses and other current assets 1,452      
Assets classified as held for sale 199      
Total current assets 20,777      
Non-current assets:        
Goodwill and intangible assets 5,343      
Property, plant and equipment and biological assets 39,512      
Investments in associates and joint ventures 10,668      
Other investments 0      
Deferred tax assets 8,586      
Other assets 492      
Total non-current assets 64,601      
Total assets 85,378      
Financial assets | Assets at amortized cost        
Current assets:        
Cash and cash equivalents 5,358      
Restricted cash 85      
Trade accounts receivable and other 4,261      
Inventories 0      
Prepaid expenses and other current assets 1,886      
Assets classified as held for sale 0      
Total current assets 11,590      
Non-current assets:        
Goodwill and intangible assets 0      
Property, plant and equipment and biological assets 0      
Investments in associates and joint ventures 0      
Other investments 0      
Deferred tax assets 0      
Other assets 593      
Total non-current assets 593      
Total assets 12,183      
Financial assets | Fair value recognized in profit or loss        
Current assets:        
Cash and cash equivalents 0      
Restricted cash 0      
Trade accounts receivable and other 0      
Inventories 0      
Prepaid expenses and other current assets 0      
Assets classified as held for sale 0      
Total current assets 0      
Non-current assets:        
Goodwill and intangible assets 0      
Property, plant and equipment and biological assets 109      
Investments in associates and joint ventures 0      
Other investments 0      
Deferred tax assets 0      
Other assets 136      
Total non-current assets 245      
Total assets 245      
Financial assets | Fair value recognized in OCI        
Current assets:        
Cash and cash equivalents 0      
Restricted cash 0      
Trade accounts receivable and other 367      
Inventories 0      
Prepaid expenses and other current assets 0      
Assets classified as held for sale 0      
Total current assets 367      
Non-current assets:        
Goodwill and intangible assets 0      
Property, plant and equipment and biological assets 0      
Investments in associates and joint ventures 0      
Other investments 342      
Deferred tax assets 0      
Other assets 0      
Total non-current assets 342      
Total assets 709      
Financial assets | Derivatives        
Current assets:        
Cash and cash equivalents 0      
Restricted cash 0      
Trade accounts receivable and other 0      
Inventories 0      
Prepaid expenses and other current assets 238      
Assets classified as held for sale 0      
Total current assets 238      
Non-current assets:        
Goodwill and intangible assets 0      
Property, plant and equipment and biological assets 0      
Investments in associates and joint ventures 0      
Other investments 0      
Deferred tax assets 0      
Other assets 125      
Total non-current assets 125      
Total assets $ 363