v3.19.3.a.u2
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Lease Cost

 

 

 

 

Operating Leases

 

 

 

 

 

 

 

Drilling Rigs

 

 

 

 

 

 

 

 

 

 

and Related

 

 

 

 

Finance

 

 

 

 

 

Equipment

 

Other

 

Total

 

Leases

 

 

 

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

Lease Cost

 

 

2019

Operating lease cost

 

 

238

 

1,196

 

1,434

 

 

Short-term and other (net of sublease rental income)

 

 

926

 

1,116

 

2,042

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right of use assets

 

 

 

 

 

 

 

 

121

Interest on lease liabilities

 

 

 

 

 

 

 

 

133

 

Total

 

 

1,164

 

2,312

 

3,476

 

254

Right Of Use Assets And Lease Liabilities

 

 

 

 

Operating Leases

 

 

 

 

 

 

 

Drilling Rigs

 

 

 

 

 

 

 

 

 

 

and Related

 

 

 

 

Finance

 

 

 

 

 

Equipment

 

Other

 

Total

 

Leases

 

 

 

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet

 

 

December 31, 2019

Right of use assets

 

 

 

 

 

 

 

 

 

 

Included in Other assets, including intangibles - net

 

 

572

 

6,061

 

6,633

 

 

 

Included in Property, plant and equipment - net

 

 

 

 

 

 

 

 

1,997

 

 

Total right of use assets

 

 

572

 

6,061

 

6,633

 

1,997

 

 

 

 

 

 

 

 

 

 

 

 

Lease liability due within one year

 

 

 

 

 

 

 

 

 

 

Included in Accounts payable and accrued liabilities

 

 

221

 

990

 

1,211

 

15

 

Included in Notes and loans payable

 

 

 

 

 

 

 

 

84

Long-term lease liability

 

 

 

 

 

 

 

 

 

 

Included in Other long-term obligations

 

 

330

 

4,152

 

4,482

 

 

 

Included in Long-term debt

 

 

 

 

 

 

 

 

1,670

 

Included in Long-term obligations to equity companies

 

 

 

 

 

 

 

 

139

 

 

Total lease liability

 

 

551

 

5,142

 

5,693

 

1,908

Maturity Analysis of Operating Leased Facilities

 

 

 

 

Operating Leases

 

 

 

 

 

 

 

Drilling Rigs

 

 

 

 

 

 

 

 

 

 

and Related

 

 

 

 

Finance

 

 

 

 

 

Equipment

 

Other

 

Total

 

Leases

 

 

 

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

Maturity Analysis of Lease Liabilities

 

 

December 31, 2019

2020

 

 

234

 

1,127

 

1,361

 

271

2021

 

 

134

 

886

 

1,020

 

576

2022

 

 

73

 

625

 

698

 

174

2023

 

 

45

 

468

 

513

 

173

2024

 

 

30

 

425

 

455

 

172

2025 and beyond

 

 

72

 

2,681

 

2,753

 

2,446

 

Total lease payments

 

 

588

 

6,212

 

6,800

 

3,812

Discount to present value

 

 

(37)

 

(1,070)

 

(1,107)

 

(1,904)

 

Total lease liability

 

 

551

 

5,142

 

5,693

 

1,908

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term - years

 

 

4

 

11

 

10

 

20

Weighted average discount rate - percent

 

 

3.1%

 

3.2%

 

3.2%

 

9.7%

Maturity Analysis of Finance Leased Facilities

 

 

 

 

Operating Leases

 

 

 

 

 

 

 

Drilling Rigs

 

 

 

 

 

 

 

 

 

 

and Related

 

 

 

 

Finance

 

 

 

 

 

Equipment

 

Other

 

Total

 

Leases

 

 

 

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

Maturity Analysis of Lease Liabilities

 

 

December 31, 2019

2020

 

 

234

 

1,127

 

1,361

 

271

2021

 

 

134

 

886

 

1,020

 

576

2022

 

 

73

 

625

 

698

 

174

2023

 

 

45

 

468

 

513

 

173

2024

 

 

30

 

425

 

455

 

172

2025 and beyond

 

 

72

 

2,681

 

2,753

 

2,446

 

Total lease payments

 

 

588

 

6,212

 

6,800

 

3,812

Discount to present value

 

 

(37)

 

(1,070)

 

(1,107)

 

(1,904)

 

Total lease liability

 

 

551

 

5,142

 

5,693

 

1,908

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term - years

 

 

4

 

11

 

10

 

20

Weighted average discount rate - percent

 

 

3.1%

 

3.2%

 

3.2%

 

9.7%

Operating And Finance Leases Other Information

 

 

 

 

Operating Leases

 

 

 

 

 

 

 

Drilling Rigs

 

 

 

 

 

 

 

 

 

 

and Related

 

 

 

 

Finance

 

 

 

 

 

Equipment

 

Other

 

Total

 

Leases

 

 

 

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

Other Information

 

 

2019

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

Cash flows from operating activities

 

 

 

 

1,116

 

1,116

 

54

 

Cash flows from investing activities

 

 

258

 

 

 

258

 

 

 

Cash flows from financing activities

 

 

 

 

 

 

 

 

177

 

 

 

 

 

 

 

 

 

 

 

 

Noncash right of use assets recorded for lease liabilities

 

 

 

 

 

 

 

 

 

 

For January 1 adoption of Topic 842

 

 

445

 

2,818

 

3,263

 

 

 

In exchange for new lease liabilities during the period

 

 

350

 

3,313

 

3,663

 

422