v3.25.4
FINANCING AND FINANCIAL INSTRUMENTS - Summary of Assets and Liabilities Based on Categories (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Current assets:        
Cash and cash equivalents $ 5,392 $ 6,400 $ 7,686 $ 9,300
Restricted cash 84 84    
Trade accounts receivable and other 3,476 3,375    
Inventories 18,589 16,501    
Prepaid expenses and other current assets 3,027 3,022    
Assets held for sale 37 0    
Total current assets 30,605 29,382    
Non-current assets:        
Goodwill and intangible assets 5,252 4,453    
Property, plant and equipment 41,041 33,311    
Carrying amount of interests in associates and joint ventures 10,393 11,420    
Other investments 353 299    
Deferred tax assets 8,860 8,942    
Other assets 1,199 1,578    
Total non-current assets 67,098 60,003    
Total assets 97,703 89,385    
Current liabilities:        
Short-term debt and current portion of long-term debt 2,739 2,748    
Trade accounts payable and other 13,008 12,921    
Short-term provisions 1,039 938    
Accrued expenses and other liabilities 5,168 4,738    
Income tax liabilities 547 480    
Liabilities held for sale 19 0    
Total current liabilities 22,520 21,825    
Non-current liabilities:        
Long-term debt, net of current portion 10,671 8,815    
Deferred tax liabilities 2,294 2,338    
Deferred employee benefits 2,526 2,338    
Long-term provisions 1,616 1,361 1,477  
Other long-term obligations 1,540 1,422    
Total non-current liabilities 18,647 16,274    
Equity:        
Equity attributable to the equity holders of the parent 54,466 49,223    
Non-controlling interests 2,070 2,063    
Total equity 56,536 51,286 $ 56,068 $ 55,590
Total liabilities and equity 97,703 89,385    
Non-financial liabilities        
Current liabilities:        
Short-term debt and current portion of long-term debt 0 0    
Trade accounts payable and other 0 0    
Short-term provisions 1,024 906    
Accrued expenses and other liabilities 1,299 773    
Income tax liabilities 547 480    
Liabilities held for sale 19      
Total current liabilities 2,889 2,159    
Non-current liabilities:        
Long-term debt, net of current portion 0 0    
Deferred tax liabilities 2,294 2,338    
Deferred employee benefits 2,526 2,338    
Long-term provisions 1,613 1,359    
Other long-term obligations 288 322    
Total non-current liabilities 6,721 6,357    
Equity:        
Equity attributable to the equity holders of the parent 54,466 49,223    
Non-controlling interests 2,070 2,063    
Total equity 56,536 51,286    
Total liabilities and equity 66,146 59,802    
Financial liabilities | Liabilities at amortized cost        
Current liabilities:        
Short-term debt and current portion of long-term debt 2,739 2,748    
Trade accounts payable and other 13,008 12,921    
Short-term provisions 15 32    
Accrued expenses and other liabilities 3,646 3,638    
Income tax liabilities 0 0    
Liabilities held for sale 0      
Total current liabilities 19,408 19,339    
Non-current liabilities:        
Long-term debt, net of current portion 10,671 8,815    
Deferred tax liabilities 0 0    
Deferred employee benefits 0 0    
Long-term provisions 3 2    
Other long-term obligations 1,024 757    
Total non-current liabilities 11,698 9,574    
Equity:        
Total liabilities and equity 31,106 28,913    
Financial liabilities | Fair value recognized in profit or loss        
Current liabilities:        
Short-term debt and current portion of long-term debt 0 0    
Trade accounts payable and other 0 0    
Short-term provisions 0 0    
Accrued expenses and other liabilities 0 0    
Income tax liabilities 0 0    
Liabilities held for sale 0      
Total current liabilities 0 0    
Non-current liabilities:        
Long-term debt, net of current portion 0 0    
Deferred tax liabilities 0 0    
Deferred employee benefits 0 0    
Long-term provisions 0 0    
Other long-term obligations 0 0    
Total non-current liabilities 0 0    
Financial liabilities | Derivatives        
Current liabilities:        
Short-term debt and current portion of long-term debt 0 0    
Trade accounts payable and other 0 0    
Short-term provisions 0 0    
Accrued expenses and other liabilities 223 327    
Income tax liabilities 0 0    
Liabilities held for sale 0      
Total current liabilities 223 327    
Non-current liabilities:        
Long-term debt, net of current portion 0 0    
Deferred tax liabilities 0 0    
Deferred employee benefits 0 0    
Long-term provisions 0 0    
Other long-term obligations 228 343    
Total non-current liabilities 228 343    
Equity:        
Total liabilities and equity 451 670    
Non-financial assets        
Current assets:        
Cash and cash equivalents 0 0    
Restricted cash 0 0    
Trade accounts receivable and other 0 0    
Inventories 18,589 16,501    
Prepaid expenses and other current assets 1,319 1,292    
Assets held for sale 37      
Total current assets 19,945 17,793    
Non-current assets:        
Goodwill and intangible assets 5,252 4,453    
Property, plant and equipment 40,901 33,237    
Carrying amount of interests in associates and joint ventures 10,393 11,420    
Other investments 0 0    
Deferred tax assets 8,860 8,942    
Other assets 528 445    
Total non-current assets 65,934 58,497    
Total assets 85,879 76,290    
Financial assets | Assets at amortized cost        
Current assets:        
Cash and cash equivalents 5,392 6,400    
Restricted cash 84 84    
Trade accounts receivable and other 3,218 3,151    
Inventories 0 0    
Prepaid expenses and other current assets 1,515 1,425    
Assets held for sale      
Total current assets 10,209 11,060    
Non-current assets:        
Goodwill and intangible assets 0 0    
Property, plant and equipment 0 0    
Carrying amount of interests in associates and joint ventures 0 0    
Other investments 0 0    
Deferred tax assets 0 0    
Other assets 430 864    
Total non-current assets 430 864    
Total assets 10,639 11,924    
Financial assets | Fair value recognized in profit or loss        
Current assets:        
Cash and cash equivalents 0 0    
Restricted cash 0 0    
Trade accounts receivable and other 0 0    
Inventories 0 0    
Prepaid expenses and other current assets 0 0    
Assets held for sale 0      
Total current assets 0 0    
Non-current assets:        
Goodwill and intangible assets 0 0    
Property, plant and equipment 140 74    
Carrying amount of interests in associates and joint ventures 0 0    
Other investments 0 0    
Deferred tax assets 0 0    
Other assets 136 136    
Total non-current assets 276 210    
Total assets 276 210    
Financial assets | Fair value recognized in OCI        
Current assets:        
Cash and cash equivalents 0 0    
Restricted cash 0 0    
Trade accounts receivable and other 258 224    
Inventories 0 0    
Prepaid expenses and other current assets 0 0    
Assets held for sale 0      
Total current assets 258 224    
Non-current assets:        
Goodwill and intangible assets 0 0    
Property, plant and equipment 0 0    
Carrying amount of interests in associates and joint ventures 0 0    
Other investments 353 299    
Deferred tax assets 0 0    
Other assets 0 0    
Total non-current assets 353 299    
Total assets 611 523    
Financial assets | Derivatives        
Current assets:        
Cash and cash equivalents 0 0    
Restricted cash 0 0    
Trade accounts receivable and other 0 0    
Inventories 0 0    
Prepaid expenses and other current assets 193 305    
Assets held for sale 0      
Total current assets 193 305    
Non-current assets:        
Goodwill and intangible assets 0 0    
Property, plant and equipment 0 0    
Carrying amount of interests in associates and joint ventures 0 0    
Other investments 0 0    
Deferred tax assets 0 0    
Other assets 105 133    
Total non-current assets 105 133    
Total assets $ 298 $ 438