Document And Entity Information
Document And Entity Information | 9 Months Ended |
Sep. 30, 2021shares | |
Cover [Abstract] | |
Document Type | 10-Q |
Document Quarterly Report | true |
Document Period End Date | Sep. 30, 2021 |
Document Transition Report | false |
Entity File Number | 1-2256 |
Entity Registrant Name | Exxon Mobil Corporation |
Entity Incorporation, State or Country Code | NJ |
Entity Tax Identification Number | 13-5409005 |
Entity Address, Address Line One | 5959 Las Colinas Boulevard |
Entity Address, City or Town | Irving |
Entity Address State or Province | TX |
Entity Address, Postal Zip Code | 75039-2298 |
City Area Code | 972 |
Local Phone Number | 940-6000 |
Document Information [Line Items] | |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 4,233,566,839 |
Amendment Flag | false |
Entity Central Index Key | 0000034088 |
Document Fiscal Year Focus | 2021 |
Document Fiscal Period Focus | Q3 |
Current Fiscal Year End Date | --12-31 |
Common Stock, without par value [Member] | |
Document Information [Line Items] | |
Security 12(b) Title | Common Stock, without par value |
Trading Symbol | XOM |
Security Exchange Name | NYSE |
0.142% Notes Due 2024 [Member] | |
Document Information [Line Items] | |
Security 12(b) Title | 0.142% Notes due 2024 |
Trading Symbol | XOM24B |
Security Exchange Name | NYSE |
0.524% Notes Due 2028 [Member] | |
Document Information [Line Items] | |
Security 12(b) Title | 0.524% Notes due 2028 |
Trading Symbol | XOM28 |
Security Exchange Name | NYSE |
0.835% Notes Due 2032 [Member] | |
Document Information [Line Items] | |
Security 12(b) Title | 0.835% Notes due 2032 |
Trading Symbol | XOM32 |
Security Exchange Name | NYSE |
1.408% Notes Due 2039 [Member] | |
Document Information [Line Items] | |
Security 12(b) Title | 1.408% Notes due 2039 |
Trading Symbol | XOM39A |
Security Exchange Name | NYSE |
Condensed Consolidated Statemen
Condensed Consolidated Statement Of Income - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Revenues and other income | ||||
Sales and other operating revenue | $ 71,892 | $ 45,425 | $ 195,387 | $ 132,836 |
Income from equity affiliates | 1,670 | 517 | 4,579 | 1,395 |
Other income | 224 | 257 | 709 | 731 |
Total revenues and other income | 73,786 | 46,199 | 200,675 | 134,962 |
Costs and other deductions | ||||
Crude oil and product purchases | 39,745 | 23,950 | 109,675 | 70,102 |
Production and manufacturing expenses | 8,719 | 7,103 | 25,252 | 22,295 |
Selling, general and administrative expenses | 2,287 | 2,444 | 7,060 | 7,432 |
Depreciation and depletion | 4,990 | 4,983 | 14,946 | 15,718 |
Exploration expenses, including dry holes | 190 | 188 | 530 | 690 |
Non-service pension and postretirement benefit expense | 146 | 272 | 686 | 812 |
Interest expense | 214 | 279 | 726 | 845 |
Other taxes and duties | 7,889 | 7,352 | 22,295 | 19,338 |
Total costs and other deductions | 64,180 | 46,571 | 181,170 | 137,232 |
Income (loss) before income taxes | 9,606 | (372) | 19,505 | (2,270) |
Income taxes | 2,664 | 337 | 4,986 | 378 |
Net income (loss) including noncontrolling interests | 6,942 | (709) | 14,519 | (2,648) |
Net income (loss) attributable to noncontrolling interests | 192 | (29) | 349 | (278) |
Net income (loss) attributable to ExxonMobil | $ 6,750 | $ (680) | $ 14,170 | $ (2,370) |
Earnings (loss) per common share (dollars) | $ 1.57 | $ (0.15) | $ 3.31 | $ (0.55) |
Earnings (loss) per common share - assuming dilution (dollars) | $ 1.57 | $ (0.15) | $ 3.31 | $ (0.55) |
Condensed Consolidated Statem_2
Condensed Consolidated Statement Of Comprehensive Income - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income (loss) including noncontrolling interests | $ 6,942 | $ (709) | $ 14,519 | $ (2,648) |
Other comprehensive income (loss) (net of income taxes) | ||||
Foreign exchange translation adjustment | (1,625) | 1,469 | (1,053) | (1,305) |
Adjustment for foreign exchange translation (gain)/loss included in net income | 0 | 14 | 0 | 14 |
Postretirement benefits reserves adjustment (excluding amortization) | 184 | (140) | 305 | (189) |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | 196 | 206 | 789 | 613 |
Total other comprehensive income (loss) | (1,245) | 1,549 | 41 | (867) |
Comprehensive income (loss) including noncontrolling interests | 5,697 | 840 | 14,560 | (3,515) |
Comprehensive income (loss) attributable to noncontrolling interests | 57 | 92 | 381 | (449) |
Comprehensive income (loss) attributable to ExxonMobil | $ 5,640 | $ 748 | $ 14,179 | $ (3,066) |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheet - USD ($) $ in Millions | Sep. 30, 2021 | Dec. 31, 2020 |
Current assets | ||
Cash and cash equivalents | $ 4,768 | $ 4,364 |
Notes and accounts receivable – net | 29,516 | 20,581 |
Inventories | ||
Crude oil, products and merchandise | 15,087 | 14,169 |
Materials and supplies | 4,520 | 4,681 |
Other current assets | 1,664 | 1,098 |
Total current assets | 55,555 | 44,893 |
Investments, advances and long-term receivables | 45,641 | 43,515 |
Property, plant and equipment – net | 218,795 | 227,553 |
Other assets, including intangibles – net | 16,697 | 16,789 |
Total assets | 336,688 | 332,750 |
Current liabilities | ||
Notes and loans payable | 12,966 | 20,458 |
Accounts payable and accrued liabilities | 47,257 | 35,221 |
Income taxes payable | 1,633 | 684 |
Total current liabilities | 61,856 | 56,363 |
Long-term debt | 43,639 | 47,182 |
Postretirement benefits reserves | 21,060 | 22,415 |
Deferred income tax liabilities | 19,008 | 18,165 |
Long-term obligations to equity companies | 3,060 | 3,253 |
Other long-term obligations | 20,559 | 21,242 |
Total liabilities | 169,182 | 168,620 |
Commitments and contingencies (Note 3) | ||
Equity | ||
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued) | 16,104 | 15,688 |
Earnings reinvested | 386,952 | 383,943 |
Accumulated other comprehensive income | (16,696) | (16,705) |
Common stock held in treasury (3,785 million shares at Sep. 30, 2021 and 3,786 million shares at Dec. 31, 2020) | (225,771) | (225,776) |
ExxonMobil share of equity | 160,589 | 157,150 |
Noncontrolling interests | 6,917 | 6,980 |
Total equity | 167,506 | 164,130 |
Total liabilities and equity | $ 336,688 | $ 332,750 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheet (Parenthetical) - $ / shares shares in Millions | Sep. 30, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Common stock, without par value | ||
Common stock, shares authorized | 9,000 | 9,000 |
Common stock, shares, issued | 8,019 | 8,019 |
Common stock held in treasury, shares | 3,785 | 3,786 |
Condensed Consolidated Statem_3
Condensed Consolidated Statement Of Cash Flows - USD ($) $ in Millions | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | ||
Cash flows from operating activities | |||
Net income (loss) including noncontrolling interests | $ 14,519 | $ (2,648) | |
Depreciation and depletion | 14,946 | 15,718 | |
Changes in operational working capital, excluding cash and debt | 2,232 | (1,539) | |
All other items – net | (692) | (868) | |
Net cash provided by operating activities | 31,005 | 10,663 | |
Cash flows from investing activities | |||
Additions to property, plant and equipment | (7,987) | (13,653) | |
Proceeds from asset sales and returns of investments | 575 | 229 | |
Additional investments and advances | (1,055) | (3,443) | |
Other investing activities including collection of advances | 342 | 1,710 | |
Net cash used in investing activities | (8,125) | (15,157) | |
Cash flows from financing activities | |||
Additions to long-term debt | 46 | 23,186 | |
Reductions in long-term debt | (4) | (4) | |
Additions to short-term debt | [1] | 12,197 | 28,839 |
Reductions in short-term debt | [1] | (24,066) | (24,090) |
Additions/(reductions) in debt with three months or less maturity | 997 | (6,261) | |
Contingent consideration payments | (28) | (21) | |
Cash dividends to ExxonMobil shareholders | (11,161) | (11,150) | |
Cash dividends to noncontrolling interests | (166) | (137) | |
Changes in noncontrolling interests | (278) | 511 | |
Common stock acquired | (1) | (305) | |
Net cash used in financing activities | (22,464) | 10,568 | |
Effects of exchange rate changes on cash | (12) | (331) | |
Increase/(decrease) in cash and cash equivalents | 404 | 5,743 | |
Cash and cash equivalents at beginning of period | 4,364 | 3,089 | |
Cash and cash equivalents at end of period | 4,768 | 8,832 | |
Supplemental Disclosures | |||
Income taxes paid | 3,516 | 2,341 | |
Cash interest paid | |||
Cash interest paid - Included in cash flows from operating activities | 818 | 726 | |
Cash interest paid - Capitalized, included in cash flows from investing activities | 478 | 516 | |
Total cash interest paid | 1,296 | 1,242 | |
Noncash right of use assets recorded in exchange for lease liabilities | |||
Noncash right of use assets recorded in exchange for lease liabilities - Operating leases | 804 | 45 | |
Noncash right of use assets recorded in exchange for lease liabilities - Finance leases | $ 168 | $ 29 | |
[1] | Includes commercial paper with a maturity greater than three months. |
Condensed Consolidated Statem_4
Condensed Consolidated Statement Of Changes In Equity - USD ($) shares in Millions, $ in Millions | Total | ExxonMobil Share Of Common Stock [Member] | ExxonMobil Share Of Earnings Reinvested [Member] | ExxonMobil Share Of Accumulated Other Comprehensive Income [Member] | ExxonMobil Share Of Common Stock Held In Treasury [Member] | ExxonMobil Share of Equity [Member] | Noncontrolling Interests [Member] |
Balance at Dec. 31, 2019 | $ 198,938 | $ 15,637 | $ 421,341 | $ (19,493) | $ (225,835) | $ 191,650 | $ 7,288 |
Balance (in shares) - issued at Dec. 31, 2019 | 8,019 | ||||||
Balance (in shares) - in treasury at Dec. 31, 2019 | (3,785) | ||||||
Balance (in shares) - outstanding at Dec. 31, 2019 | 4,234 | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Amortization of stock-based awards | $ 545 | 545 | 545 | ||||
Other | 389 | (185) | (185) | 574 | |||
Net income (loss) for the period | (2,648) | (2,370) | (2,370) | (278) | |||
Dividends - common shares (company) | (11,150) | (11,150) | |||||
Dividends - common shares (NCI) | (137) | ||||||
Dividends - common shares (total) | (11,287) | ||||||
Cumulative effect of accounting change | (94) | (93) | (93) | (1) | |||
Other comprehensive income (loss) | (867) | (696) | (696) | (171) | |||
Acquisitions, at cost (company) | $ (305) | (305) | |||||
Acquisitions, at cost (NCI) | (63) | ||||||
Acquisitions, at cost (total) | $ (368) | ||||||
Acquisitions (in shares) | (6) | (6) | |||||
Dispositions | $ 4 | $ 4 | 4 | ||||
Balance at Sep. 30, 2020 | $ 184,612 | 15,997 | 407,728 | (20,189) | (226,136) | 177,400 | 7,212 |
Balance (in shares) - issued at Sep. 30, 2020 | 8,019 | ||||||
Balance (in shares) - in treasury at Sep. 30, 2020 | (3,791) | ||||||
Balance (in shares) - outstanding at Sep. 30, 2020 | 4,228 | ||||||
Balance at Jun. 30, 2020 | $ 187,153 | 15,812 | 412,124 | (21,617) | (226,136) | 180,183 | 6,970 |
Balance (in shares) - issued at Jun. 30, 2020 | 8,019 | ||||||
Balance (in shares) - in treasury at Jun. 30, 2020 | (3,791) | ||||||
Balance (in shares) - outstanding at Jun. 30, 2020 | 4,228 | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Amortization of stock-based awards | $ 187 | 187 | 187 | ||||
Other | 192 | (2) | (2) | 194 | |||
Net income (loss) for the period | (709) | (680) | (680) | (29) | |||
Dividends - common shares (company) | (3,716) | (3,716) | |||||
Dividends - common shares (NCI) | (44) | ||||||
Dividends - common shares (total) | (3,760) | ||||||
Other comprehensive income (loss) | 1,549 | 1,428 | 1,428 | 121 | |||
Balance at Sep. 30, 2020 | $ 184,612 | 15,997 | 407,728 | (20,189) | (226,136) | 177,400 | 7,212 |
Balance (in shares) - issued at Sep. 30, 2020 | 8,019 | ||||||
Balance (in shares) - in treasury at Sep. 30, 2020 | (3,791) | ||||||
Balance (in shares) - outstanding at Sep. 30, 2020 | 4,228 | ||||||
Balance at Dec. 31, 2020 | $ 164,130 | 15,688 | 383,943 | (16,705) | (225,776) | 157,150 | 6,980 |
Balance (in shares) - issued at Dec. 31, 2020 | 8,019 | ||||||
Balance (in shares) - in treasury at Dec. 31, 2020 | (3,786) | ||||||
Balance (in shares) - outstanding at Dec. 31, 2020 | 4,233 | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Amortization of stock-based awards | $ 427 | 427 | 427 | ||||
Other | 79 | (11) | (11) | 90 | |||
Net income (loss) for the period | 14,519 | 14,170 | 14,170 | 349 | |||
Dividends - common shares (company) | (11,161) | (11,161) | |||||
Dividends - common shares (NCI) | (166) | ||||||
Dividends - common shares (total) | (11,327) | ||||||
Other comprehensive income (loss) | 41 | 9 | 9 | 32 | |||
Acquisitions, at cost (company) | (1) | (1) | |||||
Acquisitions, at cost (NCI) | (368) | ||||||
Acquisitions, at cost (total) | (369) | ||||||
Dispositions | $ 6 | $ 6 | 6 | ||||
Disposition (in shares) | 1 | 1 | |||||
Balance at Sep. 30, 2021 | $ 167,506 | 16,104 | 386,952 | (16,696) | $ (225,771) | 160,589 | 6,917 |
Balance (in shares) - issued at Sep. 30, 2021 | 8,019 | ||||||
Balance (in shares) - in treasury at Sep. 30, 2021 | (3,785) | ||||||
Balance (in shares) - outstanding at Sep. 30, 2021 | 4,234 | ||||||
Balance at Jun. 30, 2021 | $ 165,556 | 16,006 | 383,922 | (15,586) | (225,771) | 158,571 | 6,985 |
Balance (in shares) - issued at Jun. 30, 2021 | 8,019 | ||||||
Balance (in shares) - in treasury at Jun. 30, 2021 | (3,785) | ||||||
Balance (in shares) - outstanding at Jun. 30, 2021 | 4,234 | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Amortization of stock-based awards | $ 99 | 99 | 99 | ||||
Other | 3 | (1) | (1) | 4 | |||
Net income (loss) for the period | 6,942 | 6,750 | 6,750 | 192 | |||
Dividends - common shares (company) | (3,720) | (3,720) | |||||
Dividends - common shares (NCI) | (54) | ||||||
Dividends - common shares (total) | (3,774) | ||||||
Other comprehensive income (loss) | (1,245) | (1,110) | (1,110) | (135) | |||
Acquisitions, at cost (NCI) | (75) | ||||||
Acquisitions, at cost (total) | (75) | ||||||
Balance at Sep. 30, 2021 | $ 167,506 | $ 16,104 | $ 386,952 | $ (16,696) | $ (225,771) | $ 160,589 | $ 6,917 |
Balance (in shares) - issued at Sep. 30, 2021 | 8,019 | ||||||
Balance (in shares) - in treasury at Sep. 30, 2021 | (3,785) | ||||||
Balance (in shares) - outstanding at Sep. 30, 2021 | 4,234 |
Basis Of Financial Statement Pr
Basis Of Financial Statement Preparation | 9 Months Ended |
Sep. 30, 2021 | |
Basis Of Financial Statement Preparation [Abstract] | |
Basis Of Financial Statement Preparation | Basis of Financial Statement Preparation These unaudited condensed consolidated financial statements should be read in the context of the consolidated financial statements and notes thereto filed with the Securities and Exchange Commission in the Corporation's 2020 Annual Report on Form 10-K. In the opinion of the Corporation, the information furnished herein reflects all known accruals and adjustments necessary for a fair statement of the results for the periods reported herein. All such adjustments are of a normal recurring nature. Prior data has been reclassified in certain cases to conform to the current presentation basis. The Corporation's exploration and production activities are accounted for under the "successful efforts" method. |
Miscellaneous Financial Informa
Miscellaneous Financial Information | 9 Months Ended |
Sep. 30, 2021 | |
Disclosure Text Block Supplement [Abstract] | |
Miscellaneous Financial Information | Miscellaneous Financial InformationCrude oil, products and merchandise inventories are carried at the lower of current market value or cost, generally determined under the last-in first-out method (LIFO). The Corporation's results for the third quarter of 2020 included a before-tax credit of $153 million, as rising prices reduced the charge against the book value of inventories. This adjustment, which is included in "Crude oil and product purchases", together with a market adjustment to inventory for equity companies included in "Income from equity affiliates", resulted in a $113 million after-tax credit to earnings (excluding noncontrolling interests) in the third quarter of 2020. The Corporation recognized impairment charges of $262 million and $1,036 million in the nine months ended, September 30, 2021 and 2020, respectively. The 2021 impairments included $20 million for exploratory well costs that had been suspended more than one year. The 2020 impairments included goodwill impairments of $611 million and other impairments of $425 million, mainly as a result of declines in prices for crude oil, natural gas and petroleum products and a significant decline in the Corporation's market capitalization at the end of the first quarter. Impairment charges generally are included in “Depreciation and depletion” or "Other income". |
Litigation And Other Contingenc
Litigation And Other Contingencies | 9 Months Ended |
Sep. 30, 2021 | |
Loss Contingency [Abstract] | |
Litigation And Other Contingencies | Litigation and Other Contingencies Litigation. A variety of claims have been made against ExxonMobil and certain of its consolidated subsidiaries in a number of pending lawsuits. Management has regular litigation reviews, including updates from corporate and outside counsel, to assess the need for accounting recognition or disclosure of these contingencies. The Corporation accrues an undiscounted liability for those contingencies where the incurrence of a loss is probable and the amount can be reasonably estimated. If a range of amounts can be reasonably estimated and no amount within the range is a better estimate than any other amount, then the minimum of the range is accrued. The Corporation does not record liabilities when the likelihood that the liability has been incurred is probable but the amount cannot be reasonably estimated or when the liability is believed to be only reasonably possible or remote. For contingencies where an unfavorable outcome is reasonably possible and which are significant, the Corporation discloses the nature of the contingency and, where feasible, an estimate of the possible loss. For purposes of our contingency disclosures, “significant” includes material matters, as well as other matters which management believes should be disclosed. ExxonMobil will continue to defend itself vigorously in these matters. Based on a consideration of all relevant facts and circumstances, the Corporation does not believe the ultimate outcome of any currently pending lawsuit against ExxonMobil will have a material adverse effect upon the Corporation's operations, financial condition, or financial statements taken as a whole. Other Contingencies. The Corporation and certain of its consolidated subsidiaries were contingently liable at September 30, 2021, for guarantees relating to notes, loans and performance under contracts. Where guarantees for environmental remediation and other similar matters do not include a stated cap, the amounts reflect management’s estimate of the maximum potential exposure. These guarantees are not reasonably likely to have a material effect on the Corporation’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources. As of September 30, 2021 Equity Company Obligations (1) Other Third-Party Obligations Total (millions of dollars) Guarantees Debt-related 1,100 137 1,237 Other 1,002 4,795 5,797 Total 2,102 4,932 7,034 (1) ExxonMobil share Additionally, the Corporation and its affiliates have numerous long-term sales and purchase commitments in their various business activities, all of which are expected to be fulfilled with no adverse consequences material to the Corporation’s operations or financial condition. The operations and earnings of the Corporation and its affiliates throughout the world have been, and may in the future be, affected from time to time in varying degree by political developments and laws and regulations, such as forced divestiture of assets; restrictions on production, imports and exports; price controls; tax increases and retroactive tax claims; expropriation of property; cancellation of contract rights and environmental regulations. Both the likelihood of such occurrences and their overall effect upon the Corporation vary greatly from country to country and are not predictable. In accordance with a Venezuelan nationalization decree issued in February 2007, a subsidiary of the Venezuelan National Oil Company (PdVSA) assumed the operatorship of the Cerro Negro Heavy Oil Project. The decree also required conversion of the Cerro Negro Project into a “mixed enterprise” and an increase in PdVSA’s or one of its affiliate’s ownership interest in the Project. ExxonMobil refused to accede to the terms proffered by the government, and on June 27, 2007, the government expropriated ExxonMobil’s 41.67 percent interest in the Cerro Negro Project. ExxonMobil collected awards of $908 million in an arbitration against PdVSA under the rules of the International Chamber of Commerce in respect of an indemnity related to the Cerro Negro Project and $260 million in an arbitration for compensation due for the La Ceiba Project and for export curtailments at the Cerro Negro Project under rules of International Centre for Settlement of Investment Disputes (ICSID). An ICSID arbitration award relating to the Cerro Negro Project’s expropriation ($1.4 billion) was annulled based on a determination that a prior Tribunal failed to adequately explain why the cap on damages in the indemnity owed by PdVSA did not affect or limit the amount owed for the expropriation of the Cerro Negro Project. ExxonMobil filed a new claim seeking to restore the original award of damages for the Cerro Negro Project with ICSID on September 26, 2018. The net impact of this matter on the Corporation’s consolidated financial results cannot be reasonably estimated. Regardless, the Corporation does not expect the resolution to have a material effect upon the Corporation’s operations or financial condition. |
Other Comprehensive Income Info
Other Comprehensive Income Information | 9 Months Ended |
Sep. 30, 2021 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] | |
Other Comprehensive Income Information | Other Comprehensive Income Information ExxonMobil Share of Accumulated Other Comprehensive Income Cumulative Foreign Exchange Translation Adjustment Postretirement Benefits Total (millions of dollars) Balance as of December 31, 2019 (12,446) (7,047) (19,493) Current period change excluding amounts reclassified from accumulated other comprehensive income (1) (1,125) (172) (1,297) Amounts reclassified from accumulated other comprehensive income 14 587 601 Total change in accumulated other comprehensive income (1,111) 415 (696) Balance as of September 30, 2020 (13,557) (6,632) (20,189) Balance as of December 31, 2020 (10,614) (6,091) (16,705) Current period change excluding amounts reclassified from accumulated other comprehensive income (1) (1,041) 289 (752) Amounts reclassified from accumulated other comprehensive income — 761 761 Total change in accumulated other comprehensive income (1,041) 1,050 9 Balance as of September 30, 2021 (11,655) (5,041) (16,696) (1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $240 million and $(159) million in 2021 and 2020, respectively. Amounts Reclassified Out of Accumulated Other Comprehensive Income - Before-tax Income/(Expense) Three Months Ended Nine Months Ended 2021 2020 2021 2020 (millions of dollars) (millions of dollars) Foreign exchange translation gain/(loss) included in net income — (14) — (14) Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (Statement of Income line: Non-service pension and postretirement benefit expense) (256) (268) (1,020) (790) Income Tax (Expense)/Credit For Components of Other Comprehensive Income Three Months Ended Nine Months Ended 2021 2020 2021 2020 (millions of dollars) (millions of dollars) Foreign exchange translation adjustment (26) 57 (60) 72 Postretirement benefits reserves adjustment (excluding amortization) (76) 74 (109) 64 Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (60) (62) (231) (177) Total (162) 69 (400) (41) |
Earnings Per Share
Earnings Per Share | 9 Months Ended |
Sep. 30, 2021 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Earnings Per Share Three Months Ended Nine Months Ended 2021 2020 2021 2020 Earnings per common share Net income (loss) attributable to ExxonMobil (millions of dollars) 6,750 (680) 14,170 (2,370) Weighted average number of common shares outstanding (millions of shares) 4,276 4,271 4,275 4,270 Earnings (loss) per common share (dollars) (1) 1.57 (0.15) 3.31 (0.55) Dividends paid per common share (dollars) 0.87 0.87 2.61 2.61 (1) The calculation of earnings (loss) per common share and earnings (loss) per common share – assuming dilution are the same in each period shown. |
Pension And Other Postretiremen
Pension And Other Postretirement Benefits | 9 Months Ended |
Sep. 30, 2021 | |
Retirement Benefits [Abstract] | |
Pension And Other Postretirement Benefits | Pension and Other Postretirement Benefits Three Months Ended Nine Months Ended 2021 2020 2021 2020 (millions of dollars) (millions of dollars) Components of net benefit cost Pension Benefits - U.S. Service cost 228 245 661 712 Interest cost 139 177 418 531 Expected return on plan assets (181) (178) (542) (528) Amortization of actuarial loss/(gain) and prior service cost 57 79 167 237 Net pension enhancement and curtailment/settlement cost 75 52 468 156 Net benefit cost 318 375 1,172 1,108 Pension Benefits - Non-U.S. Service cost 194 178 587 524 Interest cost 131 165 396 488 Expected return on plan assets (256) (226) (777) (664) Amortization of actuarial loss/(gain) and prior service cost 118 124 362 358 Net pension enhancement and curtailment/settlement cost 4 — 16 — Net benefit cost 191 241 584 706 Other Postretirement Benefits Service cost 44 45 139 134 Interest cost 55 70 166 208 Expected return on plan assets (5) (4) (14) (13) Amortization of actuarial loss/(gain) and prior service cost 9 13 26 39 Net benefit cost 103 124 317 368 |
Financial Instruments and Deriv
Financial Instruments and Derivatives | 9 Months Ended |
Sep. 30, 2021 | |
Financial Instruments And Derivatives [Abstract] | |
Financial Instruments and Derivatives | Financial Instruments and Derivatives Financial Instruments. The estimated fair value of financial instruments at September 30, 2021, and December 31, 2020, and the related hierarchy level for the fair value measurement was as follows: At September 30, 2021 (millions of dollars) Fair Value Level 1 Level 2 Level 3 Total Gross Assets Effect of Effect of Difference Net Assets Derivative assets (1) 2,251 986 — 3,237 (2,537) — — 700 Advances to/receivables from equity companies (2)(6) — 3,127 5,825 8,952 — — (229) 8,723 Other long-term financial assets (3) 1,118 — 1,336 2,454 — — 184 2,638 Liabilities Derivative liabilities (4) 3,489 1,671 — 5,160 (2,537) (1,238) — 1,385 Long-term debt (5) 44,934 111 4 45,049 — — (3,166) 41,883 Long-term obligations to equity companies (6) — — 3,334 3,334 — — (274) 3,060 Other long-term financial liabilities (7) — — 922 922 — — 60 982 At December 31, 2020 (millions of dollars) Fair Value Level 1 Level 2 Level 3 Total Gross Assets Effect of Effect of Difference Net Assets Derivative assets (1) 1,247 194 — 1,441 (1,282) (6) — 153 Advances to/receivables from equity companies (2)(6) — 3,275 5,904 9,179 — — (367) 8,812 Other long-term financial assets (3) 1,235 — 944 2,179 — — 125 2,304 Liabilities Derivative liabilities (4) 1,443 254 — 1,697 (1,282) (202) — 213 Long-term debt (5) 50,263 125 4 50,392 — — (4,890) 45,502 Long-term obligations to equity companies (6) — — 3,530 3,530 — — (277) 3,253 Other long-term financial liabilities (7) — — 964 964 — — 44 1,008 (1) Included in the Balance Sheet lines: Notes and accounts receivable - net and Other assets, including intangibles - net (2) Included in the Balance Sheet line: Investments, advances and long-term receivables (3) Included in the Balance Sheet lines: Investments, advances and long-term receivables and Other assets, including intangibles - net (4) Included in the Balance Sheet lines: Accounts payable and accrued liabilities and Other long-term obligations (5) Excluding finance lease obligations (6) Advances to/receivables from equity companies and long-term obligations to equity companies are mainly designated as hierarchy level 3 inputs. The fair value is calculated by discounting the remaining obligations by a rate consistent with the credit quality and industry of the company. (7) Included in the Balance Sheet line: Other long-term obligations. Includes contingent consideration related to a prior year acquisition where fair value is based on expected drilling activities and discount rates. At September 30, 2021, and December 31, 2020, respectively, the Corporation had $511 million and $504 million of collateral under master netting arrangements not offset against the derivatives on the Consolidated Balance Sheet, primarily related to initial margin requirements. The Corporation may use non-derivative financial instruments, such as its foreign currency-denominated debt, as hedges of its net investments in certain foreign subsidiaries. Under this method, the change in the carrying value of the financial instruments due to foreign exchange fluctuations is reported in accumulated other comprehensive income. As of September 30, 2021, the Corporation has designated $5.2 billion of its Euro-denominated long-term debt and related accrued interest as a net investment hedge of its European business. The net investment hedge is deemed to be perfectly effective. The Corporation had undrawn short-term committed lines of credit of $10.6 billion and undrawn long-term committed lines of credit of $0.6 billion as of third quarter 2021. Derivative Instruments. The Corporation’s size, strong capital structure, geographic diversity and the complementary nature of the Upstream, Downstream and Chemical businesses reduce the Corporation’s enterprise-wide risk from changes in commodity prices, currency rates and interest rates. In addition, the Corporation uses commodity-based contracts, including derivatives, to manage commodity price risk and for trading purposes. Commodity contracts held for trading purposes are presented in the Consolidated Statement of Income on a net basis in the line “Sales and other operating revenue.” The Corporation’s commodity derivatives are not accounted for under hedge accounting. At times, the Corporation also enters into currency and interest rate derivatives, none of which are material to the Corporation’s financial position as of September 30, 2021, and December 31, 2020, or results of operations for the periods ended September 30, 2021, and 2020. Credit risk associated with the Corporation’s derivative position is mitigated by several factors, including the use of derivative clearing exchanges and the quality of and financial limits placed on derivative counterparties. The Corporation maintains a system of controls that includes the authorization, reporting and monitoring of derivative activity. The net notional long/(short) position of derivative instruments at September 30, 2021, and December 31, 2020, was as follows: September 30, December 31, 2021 2020 (millions) Crude oil (barrels) 37 40 Petroleum products (barrels) (60) (46) Natural gas (MMBTUs) (371) (500) Realized and unrealized gains/(losses) on derivative instruments that were recognized in the Consolidated Statement of Income are included in the following lines on a before-tax basis: Three Months Ended Nine Months Ended 2021 2020 2021 2020 (millions of dollars) (millions of dollars) Sales and other operating revenue (1,596) (297) (3,196) 688 Crude oil and product purchases (34) 134 (53) (396) Total (1,630) (163) (3,249) 292 |
Disclosures About Segments And
Disclosures About Segments And Related Information | 9 Months Ended |
Sep. 30, 2021 | |
Segment Reporting, Measurement Disclosures [Abstract] | |
Disclosures About Segments And Related Information | Disclosures about Segments and Related Information Three Months Ended Nine Months Ended 2021 2020 2021 2020 Earnings (Loss) After Income Tax (millions of dollars) (millions of dollars) Upstream United States 869 (681) 1,895 (2,582) Non-U.S. 3,082 298 7,795 1,084 Downstream United States 663 (136) 401 (338) Non-U.S. 592 (95) 237 472 Chemical United States 1,183 357 3,180 816 Non-U.S. 957 304 2,695 456 Corporate and financing (596) (727) (2,033) (2,278) Corporate total 6,750 (680) 14,170 (2,370) Sales and Other Operating Revenue Upstream United States 2,072 1,422 5,683 4,280 Non-U.S. 2,295 2,015 9,181 6,604 Downstream United States 21,326 12,267 56,444 35,854 Non-U.S. 36,356 23,862 96,868 69,468 Chemical United States 4,363 2,162 11,461 6,028 Non-U.S. 5,473 3,684 15,834 10,574 Corporate and financing 7 13 (84) 28 Corporate total 71,892 45,425 195,387 132,836 Intersegment Revenue Upstream United States 4,374 2,348 11,524 5,999 Non-U.S. 9,371 5,132 23,935 14,371 Downstream United States 5,548 2,812 14,939 8,820 Non-U.S. 7,176 3,334 18,062 11,210 Chemical United States 2,466 1,480 6,904 4,466 Non-U.S. 1,635 895 4,208 2,866 Corporate and financing 57 55 166 166 Geographic Three Months Ended Nine Months Ended Sales and Other Operating Revenue 2021 2020 2021 2020 (millions of dollars) (millions of dollars) United States 27,761 15,851 73,588 46,162 Non-U.S. 44,131 29,574 121,799 86,674 Total 71,892 45,425 195,387 132,836 Significant Non-U.S. revenue sources include: (1) Canada 5,837 3,566 15,378 9,537 Singapore 3,678 2,400 10,628 6,883 France 3,513 2,273 9,541 6,446 United Kingdom 3,379 2,827 10,137 8,424 Italy 2,808 2,055 7,139 5,241 Belgium 2,409 1,504 6,590 4,639 Australia 1,751 1,354 5,499 4,380 (1) Revenue is determined by primary country of operations. Excludes certain sales and other operating revenues in Non-U.S. operations where attribution to a specific country is not practicable. |
Divestment Activities
Divestment Activities | 9 Months Ended |
Sep. 30, 2021 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Divestment Activities | Divestment Activities ExxonMobil signed an agreement in the first quarter of 2021 with HitecVision, through its wholly-owned portfolio company NEO Energy, for the sale of most of its non-operated upstream assets in the United Kingdom central and northern North Sea for more than $1 billion. The transaction is expected to close by year-end 2021, subject to standard conditions precedent, including regulatory and third-party approvals. The agreed sales price is subject to interim period adjustments from the effective date of January 1, 2021, to the closing date, and has an additional upside potential of approximately $0.3 billion in contingent payments, based on production levels and commodity prices. Estimated total cash flow from the divestment will range from $0.7 billion to $1.2 billion, of which $0.7 billion to $0.8 billion is expected in 2021 and the remainder in future years. In the second quarter of 2021, ExxonMobil signed an agreement with Celanese for the sale of its global Santoprene business for $1.15 billion, subject to working capital and other adjustments. The sale includes two thermoplastic elastomers manufacturing sites in Pensacola, Florida and Newport, Wales along with associated assets. The transaction is expected to close in the fourth quarter of 2021, subject to standard conditions precedent including regulatory approvals. Estimated total cash flow from the divestment is approximately $0.9 billion. The Corporation expects to recognize a gain at closing for each of these transactions. Estimated gain and net cash flow could change due to market factors, working capital adjustments, tax impacts, and closing dates. |
Restructuring Activities
Restructuring Activities | 9 Months Ended |
Sep. 30, 2021 | |
Restructuring and Related Activities [Abstract] | |
Restructuring Activities | Restructuring Activities During 2020, ExxonMobil conducted an extensive global review of staffing levels and subsequently commenced targeted workforce reductions within a number of countries to improve efficiency and reduce costs. The programs, which are expected to be substantially completed by the end of 2021, include both voluntary and involuntary employee separations and reductions in contractors. During the third quarter of 2021, the Corporation recorded before-tax charges of $4 million, consisting primarily of employee separation costs, from workforce reductions in Europe associated with the global review of staffing levels. These costs are captured in “Selling, general and administrative expenses” on the Statement of Income. For the first nine months of the year, the recorded before-tax charges associated with the global review of staffing levels were $53 million. The Corporation does not expect any further significant charges related to the previously disclosed workforce reduction programs. Th is does not include charges related to employee reductions associated with any portfolio changes or other projects. The following tables summarize the reserves and charges related to the workforce reduction programs associated with the global review of staffing levels, which are recorded in “Accounts payable and accrued liabilities.” Three Months Ended Nine Months Ended 2021 2021 (millions of dollars) (millions of dollars) Beginning Balance 228 403 Additions/adjustments 4 53 Payments made (97) (321) Ending Balance 135 135 |
Summary of Accounting Policies
Summary of Accounting Policies (Policy) | 9 Months Ended |
Sep. 30, 2021 | |
Accounting Policies [Abstract] | |
Inventory Policy | Crude oil, products and merchandise inventories are carried at the lower of current market value or cost, generally determined under the last-in first-out method (LIFO). |
Legal Costs Policy | The Corporation accrues an undiscounted liability for those contingencies where the incurrence of a loss is probable and the amount can be reasonably estimated. If a range of amounts can be reasonably estimated and no amount within the range is a better estimate than any other amount, then the minimum of the range is accrued. The Corporation does not record liabilities when the likelihood that the liability has been incurred is probable but the amount cannot be reasonably estimated or when the liability is believed to be only reasonably possible or remote. For contingencies where an unfavorable outcome is reasonably possible and which are significant, the Corporation discloses the nature of the contingency and, where feasible, an estimate of the possible loss. For purposes of our contingency disclosures, “significant” includes material matters, as well as other matters which management believes should be disclosed. |
Net Investment Hedge Risk Management Policy | The Corporation may use non-derivative financial instruments, such as its foreign currency-denominated debt, as hedges of its net investments in certain foreign subsidiaries. Under this method, the change in the carrying value of the financial instruments due to foreign exchange fluctuations is reported in accumulated other comprehensive income. |
Litigation And Other Continge_2
Litigation And Other Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Loss Contingency [Abstract] | |
Schedule Of Guarantees | As of September 30, 2021 Equity Company Obligations (1) Other Third-Party Obligations Total (millions of dollars) Guarantees Debt-related 1,100 137 1,237 Other 1,002 4,795 5,797 Total 2,102 4,932 7,034 (1) ExxonMobil share |
Other Comprehensive Income In_2
Other Comprehensive Income Information (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] | |
Schedule Of Accumulated Other Comprehensive Income Information | ExxonMobil Share of Accumulated Other Comprehensive Income Cumulative Foreign Exchange Translation Adjustment Postretirement Benefits Total (millions of dollars) Balance as of December 31, 2019 (12,446) (7,047) (19,493) Current period change excluding amounts reclassified from accumulated other comprehensive income (1) (1,125) (172) (1,297) Amounts reclassified from accumulated other comprehensive income 14 587 601 Total change in accumulated other comprehensive income (1,111) 415 (696) Balance as of September 30, 2020 (13,557) (6,632) (20,189) Balance as of December 31, 2020 (10,614) (6,091) (16,705) Current period change excluding amounts reclassified from accumulated other comprehensive income (1) (1,041) 289 (752) Amounts reclassified from accumulated other comprehensive income — 761 761 Total change in accumulated other comprehensive income (1,041) 1,050 9 Balance as of September 30, 2021 (11,655) (5,041) (16,696) (1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $240 million and $(159) million in 2021 and 2020, respectively. |
Reclassification Out Of Accumulated Other Comprehensive Income | Amounts Reclassified Out of Accumulated Other Comprehensive Income - Before-tax Income/(Expense) Three Months Ended Nine Months Ended 2021 2020 2021 2020 (millions of dollars) (millions of dollars) Foreign exchange translation gain/(loss) included in net income — (14) — (14) Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (Statement of Income line: Non-service pension and postretirement benefit expense) (256) (268) (1,020) (790) |
Schedule Of Income Tax (Expense)/Credit For Components Of Other Comprehensive Income | Income Tax (Expense)/Credit For Components of Other Comprehensive Income Three Months Ended Nine Months Ended 2021 2020 2021 2020 (millions of dollars) (millions of dollars) Foreign exchange translation adjustment (26) 57 (60) 72 Postretirement benefits reserves adjustment (excluding amortization) (76) 74 (109) 64 Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (60) (62) (231) (177) Total (162) 69 (400) (41) |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Earnings Per Share [Abstract] | |
Earnings Per Share Computation | Three Months Ended Nine Months Ended 2021 2020 2021 2020 Earnings per common share Net income (loss) attributable to ExxonMobil (millions of dollars) 6,750 (680) 14,170 (2,370) Weighted average number of common shares outstanding (millions of shares) 4,276 4,271 4,275 4,270 Earnings (loss) per common share (dollars) (1) 1.57 (0.15) 3.31 (0.55) Dividends paid per common share (dollars) 0.87 0.87 2.61 2.61 (1) The calculation of earnings (loss) per common share and earnings (loss) per common share – assuming dilution are the same in each period shown. |
Pension And Other Postretirem_2
Pension And Other Postretirement Benefits (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Retirement Benefits [Abstract] | |
Pension And Other Postretirement Benefits | Three Months Ended Nine Months Ended 2021 2020 2021 2020 (millions of dollars) (millions of dollars) Components of net benefit cost Pension Benefits - U.S. Service cost 228 245 661 712 Interest cost 139 177 418 531 Expected return on plan assets (181) (178) (542) (528) Amortization of actuarial loss/(gain) and prior service cost 57 79 167 237 Net pension enhancement and curtailment/settlement cost 75 52 468 156 Net benefit cost 318 375 1,172 1,108 Pension Benefits - Non-U.S. Service cost 194 178 587 524 Interest cost 131 165 396 488 Expected return on plan assets (256) (226) (777) (664) Amortization of actuarial loss/(gain) and prior service cost 118 124 362 358 Net pension enhancement and curtailment/settlement cost 4 — 16 — Net benefit cost 191 241 584 706 Other Postretirement Benefits Service cost 44 45 139 134 Interest cost 55 70 166 208 Expected return on plan assets (5) (4) (14) (13) Amortization of actuarial loss/(gain) and prior service cost 9 13 26 39 Net benefit cost 103 124 317 368 |
Financial Instruments and Der_2
Financial Instruments and Derivatives (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Financial Instruments And Derivatives [Abstract] | |
Financial Instruments | The estimated fair value of financial instruments at September 30, 2021, and December 31, 2020, and the related hierarchy level for the fair value measurement was as follows: At September 30, 2021 (millions of dollars) Fair Value Level 1 Level 2 Level 3 Total Gross Assets Effect of Effect of Difference Net Assets Derivative assets (1) 2,251 986 — 3,237 (2,537) — — 700 Advances to/receivables from equity companies (2)(6) — 3,127 5,825 8,952 — — (229) 8,723 Other long-term financial assets (3) 1,118 — 1,336 2,454 — — 184 2,638 Liabilities Derivative liabilities (4) 3,489 1,671 — 5,160 (2,537) (1,238) — 1,385 Long-term debt (5) 44,934 111 4 45,049 — — (3,166) 41,883 Long-term obligations to equity companies (6) — — 3,334 3,334 — — (274) 3,060 Other long-term financial liabilities (7) — — 922 922 — — 60 982 At December 31, 2020 (millions of dollars) Fair Value Level 1 Level 2 Level 3 Total Gross Assets Effect of Effect of Difference Net Assets Derivative assets (1) 1,247 194 — 1,441 (1,282) (6) — 153 Advances to/receivables from equity companies (2)(6) — 3,275 5,904 9,179 — — (367) 8,812 Other long-term financial assets (3) 1,235 — 944 2,179 — — 125 2,304 Liabilities Derivative liabilities (4) 1,443 254 — 1,697 (1,282) (202) — 213 Long-term debt (5) 50,263 125 4 50,392 — — (4,890) 45,502 Long-term obligations to equity companies (6) — — 3,530 3,530 — — (277) 3,253 Other long-term financial liabilities (7) — — 964 964 — — 44 1,008 (1) Included in the Balance Sheet lines: Notes and accounts receivable - net and Other assets, including intangibles - net (2) Included in the Balance Sheet line: Investments, advances and long-term receivables (3) Included in the Balance Sheet lines: Investments, advances and long-term receivables and Other assets, including intangibles - net (4) Included in the Balance Sheet lines: Accounts payable and accrued liabilities and Other long-term obligations (5) Excluding finance lease obligations (6) Advances to/receivables from equity companies and long-term obligations to equity companies are mainly designated as hierarchy level 3 inputs. The fair value is calculated by discounting the remaining obligations by a rate consistent with the credit quality and industry of the company. (7) Included in the Balance Sheet line: Other long-term obligations. Includes contingent consideration related to a prior year acquisition where fair value is based on expected drilling activities and discount rates. |
Schedule of Notional Amounts of Outstanding Derivative Positions | The net notional long/(short) position of derivative instruments at September 30, 2021, and December 31, 2020, was as follows: September 30, December 31, 2021 2020 (millions) Crude oil (barrels) 37 40 Petroleum products (barrels) (60) (46) Natural gas (MMBTUs) (371) (500) |
Derivative Instruments - Before-Tax Realized and Unrealized Gains / (Losses) | Realized and unrealized gains/(losses) on derivative instruments that were recognized in the Consolidated Statement of Income are included in the following lines on a before-tax basis: Three Months Ended Nine Months Ended 2021 2020 2021 2020 (millions of dollars) (millions of dollars) Sales and other operating revenue (1,596) (297) (3,196) 688 Crude oil and product purchases (34) 134 (53) (396) Total (1,630) (163) (3,249) 292 |
Disclosures About Segments An_2
Disclosures About Segments And Related Information (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Segment Reporting, Measurement Disclosures [Abstract] | |
Disclosures About Segments And Related Information | Three Months Ended Nine Months Ended 2021 2020 2021 2020 Earnings (Loss) After Income Tax (millions of dollars) (millions of dollars) Upstream United States 869 (681) 1,895 (2,582) Non-U.S. 3,082 298 7,795 1,084 Downstream United States 663 (136) 401 (338) Non-U.S. 592 (95) 237 472 Chemical United States 1,183 357 3,180 816 Non-U.S. 957 304 2,695 456 Corporate and financing (596) (727) (2,033) (2,278) Corporate total 6,750 (680) 14,170 (2,370) Sales and Other Operating Revenue Upstream United States 2,072 1,422 5,683 4,280 Non-U.S. 2,295 2,015 9,181 6,604 Downstream United States 21,326 12,267 56,444 35,854 Non-U.S. 36,356 23,862 96,868 69,468 Chemical United States 4,363 2,162 11,461 6,028 Non-U.S. 5,473 3,684 15,834 10,574 Corporate and financing 7 13 (84) 28 Corporate total 71,892 45,425 195,387 132,836 Intersegment Revenue Upstream United States 4,374 2,348 11,524 5,999 Non-U.S. 9,371 5,132 23,935 14,371 Downstream United States 5,548 2,812 14,939 8,820 Non-U.S. 7,176 3,334 18,062 11,210 Chemical United States 2,466 1,480 6,904 4,466 Non-U.S. 1,635 895 4,208 2,866 Corporate and financing 57 55 166 166 |
Geographic Sales And Other Operating Revenue | Geographic Three Months Ended Nine Months Ended Sales and Other Operating Revenue 2021 2020 2021 2020 (millions of dollars) (millions of dollars) United States 27,761 15,851 73,588 46,162 Non-U.S. 44,131 29,574 121,799 86,674 Total 71,892 45,425 195,387 132,836 Significant Non-U.S. revenue sources include: (1) Canada 5,837 3,566 15,378 9,537 Singapore 3,678 2,400 10,628 6,883 France 3,513 2,273 9,541 6,446 United Kingdom 3,379 2,827 10,137 8,424 Italy 2,808 2,055 7,139 5,241 Belgium 2,409 1,504 6,590 4,639 Australia 1,751 1,354 5,499 4,380 (1) Revenue is determined by primary country of operations. Excludes certain sales and other operating revenues in Non-U.S. operations where attribution to a specific country is not practicable. |
Restructuring Activities (Table
Restructuring Activities (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Restructuring and Related Activities [Abstract] | |
Summary of Reserves and Charges | The following tables summarize the reserves and charges related to the workforce reduction programs associated with the global review of staffing levels, which are recorded in “Accounts payable and accrued liabilities.” Three Months Ended Nine Months Ended 2021 2021 (millions of dollars) (millions of dollars) Beginning Balance 228 403 Additions/adjustments 4 53 Payments made (97) (321) Ending Balance 135 135 |
Miscellaneous Financial Infor_2
Miscellaneous Financial Information (Narrative) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Disclosure Text Block Supplement [Abstract] | |||
Inventory write down charge (credit), consolidated companies including noncontrolling interests - before tax | $ (153) | ||
Inventory credit to earnings, ExxonMobil share including equity companies - after tax | $ 113 | ||
After-tax impairment charges | $ 262 | $ 1,036 | |
Suspended exploratory well cost, charged to expense | $ 20 | ||
Goodwill impairment - before tax | 611 | ||
Other impairment charges - before tax | $ 425 |
Litigation And Other Continge_3
Litigation And Other Contingencies (Narrative) (Details) - USD ($) $ in Millions | Mar. 09, 2017 | Oct. 09, 2014 | Oct. 24, 2011 | Jun. 27, 2007 |
Nigeria Production Sharing Contract Litigation [Member] | Nigeria [Member] | ||||
Litigation And Other Contingencies [Line Items] | ||||
Percent interest in Erha block PSC | 56.25% | |||
Amount of award relating to excess lifting of crude oil | $ 1,800 | |||
Accrued interest relating to award for excess lifting of crude oil | $ 234 | |||
Expropriation Of Assets [Member] | Mobil Cerro Negro, Ltd. (MCN) [Member] | ||||
Litigation And Other Contingencies [Line Items] | ||||
Percentage ownership interest in Cerro Negro Project | 41.67% | |||
Cerro Negro award for breach of contractual obligations | $ 908 | |||
Award collected from Venezuela for Cerro Negro and La Ceiba Projects | $ 260 | |||
Annulled portion of award for Cerro Negro Project | $ 1,400 |
Litigation And Other Continge_4
Litigation And Other Contingencies (Schedule Of Guarantees) (Details) $ in Millions | Sep. 30, 2021USD ($) |
Litigation And Other Contingencies [Line Items] | |
Guarantees | $ 7,034 |
Equity Company Obligations [Member] | |
Litigation And Other Contingencies [Line Items] | |
Guarantees | 2,102 |
Other Third Party Obligations [Member] | |
Litigation And Other Contingencies [Line Items] | |
Guarantees | 4,932 |
Debt Related Guarantees [Member] | |
Litigation And Other Contingencies [Line Items] | |
Guarantees | 1,237 |
Debt Related Guarantees [Member] | Equity Company Obligations [Member] | |
Litigation And Other Contingencies [Line Items] | |
Guarantees | 1,100 |
Debt Related Guarantees [Member] | Other Third Party Obligations [Member] | |
Litigation And Other Contingencies [Line Items] | |
Guarantees | 137 |
Other Guarantees [Member] | |
Litigation And Other Contingencies [Line Items] | |
Guarantees | 5,797 |
Other Guarantees [Member] | Equity Company Obligations [Member] | |
Litigation And Other Contingencies [Line Items] | |
Guarantees | 1,002 |
Other Guarantees [Member] | Other Third Party Obligations [Member] | |
Litigation And Other Contingencies [Line Items] | |
Guarantees | $ 4,795 |
Other Comprehensive Income In_3
Other Comprehensive Income Information (Schedule Of Accumulated Other Comprehensive Income Information) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease [Abstract] | ||||
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | $ (1,625) | $ 1,469 | $ (1,053) | $ (1,305) |
Adjustment for foreign exchange translation (gain)/loss included in net income | 0 | 14 | 0 | 14 |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease [Abstract] | ||||
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 184 | (140) | 305 | (189) |
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 196 | 206 | 789 | 613 |
Other Comprehensive Income Loss Net Of Tax Period Change [Abstract] | ||||
Beginning Balance, Total | (16,705) | |||
Ending Balance, Total | (16,696) | (16,696) | ||
Exxon Mobil Corporation Share After Noncontrolling Interest [Member] | ||||
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease [Abstract] | ||||
Beginning Balance, Cumulative Foreign Exchange Translation Adjustment | (10,614) | (12,446) | ||
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | (1,041) | (1,125) | ||
Adjustment for foreign exchange translation (gain)/loss included in net income | 0 | 14 | ||
Total change in accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | (1,041) | (1,111) | ||
Ending Balance, Cumulative Foreign Exchange Translation Adjustment | (11,655) | (13,557) | (11,655) | (13,557) |
Net investment hedge gain/(loss), net of taxes | 240 | (159) | ||
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease [Abstract] | ||||
Beginning Balance, Postretirement Benefits Reserves Adjustment | (6,091) | (7,047) | ||
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 289 | (172) | ||
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 761 | 587 | ||
Total change in accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 1,050 | 415 | ||
Ending Balance, Postretirement Benefits Reserves Adjustment | (5,041) | (6,632) | (5,041) | (6,632) |
Other Comprehensive Income Loss Net Of Tax Period Change [Abstract] | ||||
Beginning Balance, Total | (16,705) | (19,493) | ||
Current period change excluding amounts reclassified from accumulated other comprehensive income, Total | (752) | (1,297) | ||
Amounts reclassified from accumulated other comprehensive income, Total | 761 | 601 | ||
Total change in accumulated other comprehensive income, Total | 9 | (696) | ||
Ending Balance, Total | $ (16,696) | $ (20,189) | $ (16,696) | $ (20,189) |
Other Comprehensive Income In_4
Other Comprehensive Income Information (Amounts Reclassified Out Of Acc Other Comp Income) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Other Comprehensive Income Information Before Tax [Abstract] | ||||
Foreign exchange translation gain/(loss) included in net income (Statement of Income line: Other Income) | $ 0 | $ (14) | $ 0 | $ (14) |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (Statement of Income line: Non-service pension and postretirement benefit expense) | $ (256) | $ (268) | $ (1,020) | $ (790) |
Other Comprehensive Income In_5
Other Comprehensive Income Information (Schedule Of Income Tax (Expense)/Credit For Components Of Other Comprehensive Income) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Other Comprehensive Income Information Tax [Abstract] | ||||
Foreign exchange translation adjustment | $ (26) | $ 57 | $ (60) | $ 72 |
Postretirement benefits reserves adjustment (excluding amortization) | (76) | 74 | (109) | 64 |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | (60) | (62) | (231) | (177) |
Total | $ (162) | $ 69 | $ (400) | $ (41) |
Earnings Per Share (Earnings Pe
Earnings Per Share (Earnings Per Share Computation) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Earnings per common share | ||||
Net income (loss) attributable to ExxonMobil (millions of dollars) | $ 6,750 | $ (680) | $ 14,170 | $ (2,370) |
Weighted average number of common shares outstanding (millions of shares) | 4,276 | 4,271 | 4,275 | 4,270 |
Earnings (loss) per common share (dollars) | $ 1.57 | $ (0.15) | $ 3.31 | $ (0.55) |
Dividends paid per common share (dollars) | $ 0.87 | $ 0.87 | $ 2.61 | $ 2.61 |
Pension And Other Postretirem_3
Pension And Other Postretirement Benefits (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Pension Benefits - U.S. | ||||
Service cost | $ 228 | $ 245 | $ 661 | $ 712 |
Interest cost | 139 | 177 | 418 | 531 |
Expected return on plan assets | (181) | (178) | (542) | (528) |
Amortization of actuarial loss/(gain) and prior service cost | 57 | 79 | 167 | 237 |
Net pension enhancement and curtailment/settlement cost | 75 | 52 | 468 | 156 |
Net benefit cost | 318 | 375 | 1,172 | 1,108 |
Pension Benefits - Non-U.S. [Member] | ||||
Service cost | 194 | 178 | 587 | 524 |
Interest cost | 131 | 165 | 396 | 488 |
Expected return on plan assets | (256) | (226) | (777) | (664) |
Amortization of actuarial loss/(gain) and prior service cost | 118 | 124 | 362 | 358 |
Net pension enhancement and curtailment/settlement cost | 4 | 0 | 16 | 0 |
Net benefit cost | 191 | 241 | 584 | 706 |
Other Postretirement Benefits [Member] | ||||
Service cost | 44 | 45 | 139 | 134 |
Interest cost | 55 | 70 | 166 | 208 |
Expected return on plan assets | (5) | (4) | (14) | (13) |
Amortization of actuarial loss/(gain) and prior service cost | 9 | 13 | 26 | 39 |
Net benefit cost | $ 103 | $ 124 | $ 317 | $ 368 |
Financial Instruments and Der_3
Financial Instruments and Derivatives (Narrative) (Details) - USD ($) $ in Millions | 9 Months Ended | |
Sep. 30, 2021 | Dec. 31, 2020 | |
Financial Instruments And Derivatives [Abstract] | ||
Initial margin collateral receivable | $ 511 | $ 504 |
Net investment hedge, European business | 5,200 | |
Short Term Financing [Member] | ||
Debt Instrument [Line Items] | ||
Unused credit line | 10,600 | |
Long Term Financing [Member] | ||
Debt Instrument [Line Items] | ||
Unused credit line | $ 600 |
Financial Instruments (Details)
Financial Instruments (Details) - USD ($) $ in Millions | Sep. 30, 2021 | Dec. 31, 2020 |
Total Gross Assets & Liabilities [Domain] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | $ 3,237 | $ 1,441 |
Advances to/receivables from equity companies | 8,952 | 9,179 |
Other long-term financial assets | 2,454 | 2,179 |
Derivative liabilities | 5,160 | 1,697 |
Long-term debt | 45,049 | 50,392 |
Long-term obligations to equity companies | 3,334 | 3,530 |
Other long-term financial liabilities | 922 | 964 |
Net Carrying Value [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | 700 | 153 |
Advances to/receivables from equity companies | 8,723 | 8,812 |
Other long-term financial assets | 2,638 | 2,304 |
Derivative liabilities | 1,385 | 213 |
Long-term debt | 41,883 | 45,502 |
Long-term obligations to equity companies | 3,060 | 3,253 |
Other long-term financial liabilities | 982 | 1,008 |
Effect Of Counterparty Netting [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | (2,537) | (1,282) |
Derivative liabilities | (2,537) | (1,282) |
Effect Of Collateral Netting [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | 0 | (6) |
Derivative liabilities | (1,238) | (202) |
Difference In Carrying Value And Fair Value [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Advances to/receivables from equity companies | (229) | (367) |
Other long-term financial assets | 184 | 125 |
Long-term debt | (3,166) | (4,890) |
Long-term obligations to equity companies | (274) | (277) |
Other long-term financial liabilities | 60 | 44 |
Level 1 [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | 2,251 | 1,247 |
Other long-term financial assets | 1,118 | 1,235 |
Derivative liabilities | 3,489 | 1,443 |
Long-term debt | 44,934 | 50,263 |
Level 2 [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | 986 | 194 |
Advances to/receivables from equity companies | 3,127 | 3,275 |
Derivative liabilities | 1,671 | 254 |
Long-term debt | 111 | 125 |
Level 3 [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Advances to/receivables from equity companies | 5,825 | 5,904 |
Other long-term financial assets | 1,336 | 944 |
Long-term debt | 4 | 4 |
Long-term obligations to equity companies | 3,334 | 3,530 |
Other long-term financial liabilities | $ 922 | $ 964 |
Derivative Instrument Balance S
Derivative Instrument Balance Sheet (Details) bbl in Millions, MMBTU in Millions | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021MMBTUbbl | Dec. 31, 2020MMBTUbbl | |
Crude oil [Member] | Long [Member] | ||
Net notional long / short position of derivative instruments bbl | 37 | 40 |
Petroleum products [Member] | Short [Member] | ||
Net notional long / short position of derivative instruments bbl | 60 | 46 |
Natural gas [Member] | Short [Member] | ||
Net notional long / short position of derivative instruments MMBtus | MMBTU | 371 | 500 |
Derivative Instruments (Details
Derivative Instruments (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Realized and Unrealized Before-Tax Gain / (Loss) on Derivative Instruments Recognized in the Consolidated Statement of Income | ||||
Sales and other operating revenue | $ 71,892 | $ 45,425 | $ 195,387 | $ 132,836 |
Crude oil and product purchases | 39,745 | 23,950 | 109,675 | 70,102 |
Not Designated as Hedging Instrument [Member] | ||||
Realized and Unrealized Before-Tax Gain / (Loss) on Derivative Instruments Recognized in the Consolidated Statement of Income | ||||
Sales and other operating revenue | (1,596) | (297) | (3,196) | 688 |
Crude oil and product purchases | (34) | 134 | (53) | (396) |
Total | $ (1,630) | $ (163) | $ (3,249) | $ 292 |
Disclosures About Segments An_3
Disclosures About Segments And Related Information (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Segment Reporting Information [Line Items] | ||||
Earnings (Loss) after income tax | $ 6,750 | $ (680) | $ 14,170 | $ (2,370) |
Sales and other operating revenue | 71,892 | 45,425 | 195,387 | 132,836 |
Upstream United States [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Earnings (Loss) after income tax | 869 | (681) | 1,895 | (2,582) |
Sales and other operating revenue | 2,072 | 1,422 | 5,683 | 4,280 |
Intersegment Revenue | 4,374 | 2,348 | 11,524 | 5,999 |
Upstream Non-U.S. [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Earnings (Loss) after income tax | 3,082 | 298 | 7,795 | 1,084 |
Sales and other operating revenue | 2,295 | 2,015 | 9,181 | 6,604 |
Intersegment Revenue | 9,371 | 5,132 | 23,935 | 14,371 |
Downstream United States [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Earnings (Loss) after income tax | 663 | (136) | 401 | (338) |
Sales and other operating revenue | 21,326 | 12,267 | 56,444 | 35,854 |
Intersegment Revenue | 5,548 | 2,812 | 14,939 | 8,820 |
Downstream Non-U.S. [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Earnings (Loss) after income tax | 592 | (95) | 237 | 472 |
Sales and other operating revenue | 36,356 | 23,862 | 96,868 | 69,468 |
Intersegment Revenue | 7,176 | 3,334 | 18,062 | 11,210 |
Chemical United States [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Earnings (Loss) after income tax | 1,183 | 357 | 3,180 | 816 |
Sales and other operating revenue | 4,363 | 2,162 | 11,461 | 6,028 |
Intersegment Revenue | 2,466 | 1,480 | 6,904 | 4,466 |
Chemical Non-U.S. [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Earnings (Loss) after income tax | 957 | 304 | 2,695 | 456 |
Sales and other operating revenue | 5,473 | 3,684 | 15,834 | 10,574 |
Intersegment Revenue | 1,635 | 895 | 4,208 | 2,866 |
Corporate And Financing [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Earnings (Loss) after income tax | (596) | (727) | (2,033) | (2,278) |
Sales and other operating revenue | 7 | 13 | (84) | 28 |
Intersegment Revenue | $ 57 | $ 55 | $ 166 | $ 166 |
Disclosures About Segments An_4
Disclosures About Segments And Related Information (Schedule of Geographic Sales And Operating Revenue) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Segment Reporting Revenue Reconciling Item [Line Items] | ||||
Sales and other operating revenue | $ 71,892 | $ 45,425 | $ 195,387 | $ 132,836 |
U.S. [Member] | ||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||
Sales and other operating revenue | 27,761 | 15,851 | 73,588 | 46,162 |
Non-U.S. [Member] | ||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||
Sales and other operating revenue | 44,131 | 29,574 | 121,799 | 86,674 |
Canada [Member] | ||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||
Sales and other operating revenue | 5,837 | 3,566 | 15,378 | 9,537 |
Singapore [Member] | ||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||
Sales and other operating revenue | 3,678 | 2,400 | 10,628 | 6,883 |
France [Member] | ||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||
Sales and other operating revenue | 3,513 | 2,273 | 9,541 | 6,446 |
United Kingdom [Member] | ||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||
Sales and other operating revenue | 3,379 | 2,827 | 10,137 | 8,424 |
Italy [Member] | ||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||
Sales and other operating revenue | 2,808 | 2,055 | 7,139 | 5,241 |
Belgium [Member] | ||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||
Sales and other operating revenue | 2,409 | 1,504 | 6,590 | 4,639 |
Australia [Member] | ||||
Segment Reporting Revenue Reconciling Item [Line Items] | ||||
Sales and other operating revenue | $ 1,751 | $ 1,354 | $ 5,499 | $ 4,380 |
Divestment Activities (Narrativ
Divestment Activities (Narrative) (Details) - Disposal Group, Sale Approved but Not Closed [Member] - Plan [Member] $ in Millions | 9 Months Ended | |
Sep. 30, 2021USD ($)site | Nov. 03, 2021USD ($) | |
Non-Operated Upstream Assets in UK [Member] | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups [Line Items] | ||
Agreed sales price of assets, subject to adjustments | $ 1,000 | |
Estimated contingent payments | 300 | |
Non-Operated Upstream Assets in UK [Member] | Minimum [Member] | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups [Line Items] | ||
Estimated total cash proceeds from divestment | 700 | |
Estimated 2021 cash proceeds from divestment | 700 | |
Non-Operated Upstream Assets in UK [Member] | Maximum [Member] | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups [Line Items] | ||
Estimated total cash proceeds from divestment | 1,200 | |
Estimated 2021 cash proceeds from divestment | 800 | |
Global Santoprene Business [Member] | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups [Line Items] | ||
Agreed sales price of assets, subject to adjustments | 1,150 | |
Estimated total cash proceeds from divestment | $ 900 | |
Sites to be divested | site | 2 | |
U.S. Unconventional Portfolio Assets [Member] | Subsequent Event [Member] | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups [Line Items] | ||
Estimated total cash proceeds from divestment | $ 200 | |
Book value of assets subject to disposal | $ 500 |
Restructuring Activities (Narra
Restructuring Activities (Narrative) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended |
Sep. 30, 2021 | Sep. 30, 2021 | |
Restructuring Cost and Reserve [Line Items] | ||
Restructuring charges, workforce reduction programs, before-tax | $ 4 | $ 53 |
Employee Severance [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring charges, workforce reduction programs, before-tax | $ 4 | $ 53 |
Restructuring Activities (Summa
Restructuring Activities (Summary of Reserves and Charges) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended |
Sep. 30, 2021 | Sep. 30, 2021 | |
Restructuring Reserve [Roll Forward] | ||
Beginning Balance, Workforce reduction program reserves and charges | $ 228 | $ 403 |
Additions/adjustments | 4 | 53 |
Payments made | (97) | (321) |
Ending Balance, Workforce reduction program reserves and charges | $ 135 | $ 135 |