Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments - Derivative Instruments, Gain (Loss) (Details)

v3.22.2
Derivative Instruments - Derivative Instruments, Gain (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest Rate Derivatives [Member] | Interest rate derivative loss, net [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative gain (loss), net $ (1) $ (2) $ 2 $ (1)
Liquefaction Supply Derivatives [Member] | LNG Revenues [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative gain (loss), net [1],[2] 16 0 11 1
Liquefaction Supply Derivatives [Member] | Cost of Sales [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative gain (loss), net [1],[2],[3] (1,039) (341) (4,500) (404)
LNG Trading Derivatives [Member] | LNG Revenues [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative gain (loss), net [2] 30 (379) (217) (441)
LNG Trading Derivatives [Member] | Cost of Sales [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative gain (loss), net [2] 17 53 107 81
FX Derivatives [Member] | LNG Revenues [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative gain (loss), net $ 39 $ (5) $ 67 $ 16
[1] Does not include the realized value associated with derivative instruments that settle through physical delivery.
[2] Fair value fluctuations associated with commodity derivative activities are classified and presented consistently with the item economically hedged and the nature and intent of the derivative instrument.
[3] Includes amounts recorded related to natural gas supply contracts that CCL had with a related party. The agreement ceased to be considered a related party agreement during 2021, as discussed in Note 12—Related Party Transactions.