v3.26.1
Fair Value Measurements - Schedule of Fair Value of Derivative Assets and Liabilities and Effect of Counterparty Netting (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Total Fair Value of Gross Assets & Liabilities $ 9,936 $ 2,974
Effect of Counterparty Netting (8,997) (2,670)
Effect of Collateral Netting (160) 0
Difference in Carrying Value and Fair Value 0 0
Net Carrying Value Presented on the Balance Sheet 779 304
Liabilities    
Total fair value gross liabilities 28,771 21,435
Effect of Counterparty Netting (8,997) (2,670)
Effect of Collateral Netting (12) (20)
Difference in Carrying Value and Fair Value 732 621
Net Carrying Value Presented on the Balance Sheet 20,494 19,366
Level 1    
Assets    
Total Fair Value of Gross Assets & Liabilities 9,587 2,901
Liabilities    
Total fair value gross liabilities 8,980 2,680
Level 2    
Assets    
Total Fair Value of Gross Assets & Liabilities 342 69
Liabilities    
Total fair value gross liabilities 19,786 18,754
Level 3    
Assets    
Total Fair Value of Gross Assets & Liabilities 7 4
Liabilities    
Total fair value gross liabilities 5 1
Rabbi trust assets    
Assets    
Investments in rabbi trust assets and in NOVONIX 127 144
Difference in Carrying Value and Fair Value 0 0
Rabbi trust assets | Level 1    
Assets    
Investments in rabbi trust assets and in NOVONIX 127 144
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 9 26
Difference in Carrying Value and Fair Value 0 0
Investment in NOVONIX | Level 1    
Assets    
Investments in rabbi trust assets and in NOVONIX 9 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 1,249 400
Difference in Carrying Value and Fair Value 0 0
Floating-rate debt | Net Carrying Value Presented on the Balance Sheet    
Liabilities    
Debt 1,249 400
Floating-rate debt | Level 1    
Liabilities    
Debt 0 0
Floating-rate debt | Level 2    
Liabilities    
Debt 1,249 400
Floating-rate debt | Level 3    
Liabilities    
Debt 0 0
Fixed-rate debt, excluding finance leases and software obligations    
Liabilities    
Debt 18,118 18,324
Difference in Carrying Value and Fair Value 732 621
Fixed-rate debt, excluding finance leases and software obligations | Net Carrying Value Presented on the Balance Sheet    
Liabilities    
Debt 18,850 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 18,118 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 9,451 2,731
Effect of Counterparty Netting (8,963) (2,660)
Effect of Collateral Netting (160) 0
Difference in Carrying Value and Fair Value 0 0
Net Carrying Value Presented on the Balance Sheet 328 71
Liabilities    
Commodity Derivative Liabilities 8,980 2,680
Effect of Counterparty Netting (8,963) (2,660)
Effect of Collateral Netting (12) (20)
Difference in Carrying Value and Fair Value 0 0
Net Carrying Value Presented on the Balance Sheet 5 0
Commodity derivatives | Physical forward contracts    
Assets    
Commodity Derivative Assets 349 73
Effect of Counterparty Netting (34) (10)
Effect of Collateral Netting 0 0
Difference in Carrying Value and Fair Value 0 0
Net Carrying Value Presented on the Balance Sheet 315 63
Liabilities    
Commodity Derivative Liabilities 424 31
Effect of Counterparty Netting (34) (10)
Effect of Collateral Netting 0 0
Difference in Carrying Value and Fair Value 0 0
Net Carrying Value Presented on the Balance Sheet 390 21
Commodity derivatives | Level 1 | Exchange-cleared instruments    
Assets    
Commodity Derivative Assets 9,451 2,731
Liabilities    
Commodity Derivative Liabilities 8,980 2,680
Commodity derivatives | Level 1 | Physical forward contracts    
Assets    
Commodity Derivative Assets 0 0
Liabilities    
Commodity Derivative Liabilities 0 0
Commodity derivatives | Level 2 | Exchange-cleared instruments    
Assets    
Commodity Derivative Assets 0 0
Liabilities    
Commodity Derivative Liabilities 0 0
Commodity derivatives | Level 2 | Physical forward contracts    
Assets    
Commodity Derivative Assets 342 69
Liabilities    
Commodity Derivative Liabilities 419 30
Commodity derivatives | Level 3 | Exchange-cleared instruments    
Assets    
Commodity Derivative Assets 0 0
Liabilities    
Commodity Derivative Liabilities 0 0
Commodity derivatives | Level 3 | Physical forward contracts    
Assets    
Commodity Derivative Assets 7 4
Liabilities    
Commodity Derivative Liabilities $ 5 $ 1