v3.26.1
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Outstanding Derivative Instruments (Details)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2026
MMBTU
Jun. 30, 2026
USD ($)
MMBTU
MWh
day
t
Dec. 31, 2025
USD ($)
MWh
MMBTU
day
t
Interest rate | Long | Swaps      
Derivative      
Notional amount of derivative   $ 552 $ 575
Interest rate | Long | Futures      
Derivative      
Notional amount of derivative   0 17
Interest rate | Long | Forwards      
Derivative      
Notional amount of derivative   240 248
Interest rate | (Short) | Swaps      
Derivative      
Notional amount of derivative   1,395 1,421
Interest rate | (Short) | Futures      
Derivative      
Notional amount of derivative   97 0
Interest rate | (Short) | Forwards      
Derivative      
Notional amount of derivative   434 248
Currency | Long | Swaps      
Derivative      
Notional amount of derivative   4,897 4,337
Currency | Long | Futures      
Derivative      
Notional amount of derivative   0 151
Currency | Long | Forwards      
Derivative      
Notional amount of derivative   20,747 17,990
Currency | Long | Options      
Derivative      
Delta amount of derivative   54 26
Currency | (Short) | Swaps      
Derivative      
Notional amount of derivative   2,580 2,552
Currency | (Short) | Futures      
Derivative      
Notional amount of derivative   133 0
Currency | (Short) | Forwards      
Derivative      
Notional amount of derivative   19,151 14,387
Currency | (Short) | Options      
Derivative      
Delta amount of derivative   $ 69 $ 44
Agricultural commodities | Long | Swaps      
Derivative      
Nonmonetary notional amount of derivatives | t   0 0
Agricultural commodities | Long | Futures      
Derivative      
Nonmonetary notional amount of derivatives | t   0 0
Agricultural commodities | Long | Forwards      
Derivative      
Nonmonetary notional amount of derivatives | t   50,879,137 45,562,983
Agricultural commodities | Long | Options      
Derivative      
Nonmonetary notional amount of derivatives | t   76,654 104,572
Agricultural commodities | (Short) | Swaps      
Derivative      
Nonmonetary notional amount of derivatives | t   5,499,464 0
Agricultural commodities | (Short) | Futures      
Derivative      
Nonmonetary notional amount of derivatives | t   17,769,326 12,270,722
Agricultural commodities | (Short) | Forwards      
Derivative      
Nonmonetary notional amount of derivatives | t   66,649,133 70,869,295
Agricultural commodities | (Short) | Options      
Derivative      
Nonmonetary notional amount of derivatives | t   3,098,186 546,978
Ocean freight | Long | FFA      
Derivative      
Nonmonetary notional amount of derivatives | day   0 0
Ocean freight | (Short) | FFA      
Derivative      
Nonmonetary notional amount of derivatives | day   10,746 6,285
Natural gas | Long | Swaps      
Derivative      
Nonmonetary notional amount of derivatives | MMBTU   1,542,370 786,919
Natural gas | Long | Futures      
Derivative      
Nonmonetary notional amount of derivatives | MMBTU   11,904,719 5,760,755
Natural gas | Long | Options      
Derivative      
Nonmonetary notional amount of derivatives | MMBTU 609,579 307,093  
Natural gas | (Short) | Swaps      
Derivative      
Nonmonetary notional amount of derivatives | MMBTU   0 0
Natural gas | (Short) | Futures      
Derivative      
Nonmonetary notional amount of derivatives | MMBTU   0 0
Natural gas | (Short) | Options      
Derivative      
Nonmonetary notional amount of derivatives | MMBTU 0 0  
Electricity | Long | Futures      
Derivative      
Nonmonetary notional amount of derivatives | MWh   188,846 139,435
Electricity | (Short) | Futures      
Derivative      
Nonmonetary notional amount of derivatives | MWh   0 0
Energy - other | Long | Swaps      
Derivative      
Nonmonetary notional amount of derivatives | t   394,543 449,326
Energy - other | Long | Futures      
Derivative      
Nonmonetary notional amount of derivatives | t   0 0
Energy - other | Long | Forwards      
Derivative      
Nonmonetary notional amount of derivatives | t   60,890 0
Energy - other | (Short) | Swaps      
Derivative      
Nonmonetary notional amount of derivatives | t   0 0
Energy - other | (Short) | Futures      
Derivative      
Nonmonetary notional amount of derivatives | t   133,000 0
Energy - other | (Short) | Forwards      
Derivative      
Nonmonetary notional amount of derivatives | t   46,838 0
Energy - CO2 | Long | Futures      
Derivative      
Nonmonetary notional amount of derivatives | t   730,000 503,000
Energy - CO2 | Long | Options      
Derivative      
Nonmonetary notional amount of derivatives | t   0 100,000
Energy - CO2 | (Short) | Futures      
Derivative      
Nonmonetary notional amount of derivatives | t   0 0
Energy - CO2 | (Short) | Options      
Derivative      
Nonmonetary notional amount of derivatives | t   0 0
Other | Long | Swaps and futures      
Derivative      
Notional amount of derivative   $ 150 $ 130
Other | (Short) | Swaps and futures      
Derivative      
Notional amount of derivative   200 130
Fair value hedges | Interest rate      
Derivative      
Notional amount of derivative   7,700 6,500
Cumulative adjustment to long-term debt from active application of hedge accounting   (199) (108)
Carrying value of hedged debt   7,426 6,321
Cash Flow Hedges | Currency      
Derivative      
Amounts expected to be reclassified from AOCI to earnings in the next twelve months   2  
Carrying value of hedged debt   545 556
Cash Flow Hedges | Currency | Forwards      
Derivative      
Notional amount of derivative   70 86
Cash Flow Hedges | Currency | Options      
Derivative      
Notional amount of derivative   93 84
Cash Flow Hedges | Cross currency swaps      
Derivative      
Notional amount of derivative   588 588
Net Investment Hedges | Currency      
Derivative      
Notional amount of derivative   56 149
Carrying value of hedged debt   $ 235 $ 235