v3.19.3.a.u2
Non Mineral Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Lease, Assets And Liabilities [Table Text Block]
Millions of Dollars
* Includes proportionately consolidated finance lease assets (net of
 
accumulated depreciation, depletion and amortization) of $
335
 
million.
 
Millions of Dollars
Short-term debt and long-term debt include proportionately consolidated finance
 
lease liabilities of $
56
 
million and $
579
 
million, respectively.
 
Lease, Cost [Table Text Block]
The following table summarizes our lease costs
 
for 2019:
Millions of Dollars
2019
Lease Cost
*
Operating lease cost
$
341
Finance lease cost
Amortization of right-of-use assets
99
Interest on lease liabilities
37
Short-term lease cost
**
77
Total lease cost
***
$
554
*The amounts presented in the table above have not been adjusted to reflect amounts recovered or reimbursed from oil and gas coventurers.
 
**Short-term leases are not recorded on our consolidated balance sheet.
 
Our future short-term lease commitments amount to $
31
 
million, of
 
which $
18
 
million is related to leases whose terms have not yet commenced
 
as of December 31, 2019.
***Variable lease cost and sublease income are immaterial for the period presented and therefore are not included in the table above.
The following table summarizes the lease terms
 
and discount rates:
December 31, 2019
Lease Term and Discount Rate
Weighted-average term (years)
Operating leases
5.19
Finance leases
8.70
Weighted-average discount rate (percent)
Operating leases
3.10
Finance leases
5.53
The following table summarizes other lease information
 
for 2019:
Millions of Dollars
2019
Other Information
*
Cash paid for amounts included in the measurement
 
of lease liabilities
Operating cash flows from operating leases
$
203
Operating cash flows from finance leases
27
Financing cash flows from finance leases
81
Right-of-use assets obtained in exchange for
 
operating lease liabilities
$
499
Right-of-use assets obtained in exchange for
 
finance lease liabilities
26
*The amounts presented in the table above have not been adjusted to reflect amounts recovered or reimbursed from oil and gas coventurers.
 
In
addition,
 
pursuant to other applicable accounting guidance, lease payments
 
made in connection with preparing another asset for its intended use
are reported in the "Cash Flows From Investing Activities" section of our consolidated statement of cash flows.
 
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
The following table summarizes future lease
 
payments for operating and finance leases
 
at December 31, 2019:
Millions of Dollars
Operating
Leases
Finance
 
Leases
Maturity of Lease Liabilities
2020
$
348
120
2021
247
104
2022
130
102
2023
82
88
2024
63
84
Remaining years
149
382
Total
*
1,019
880
Less: portion representing imputed interest
(87)
(160)
Total lease liabilities
$
932
720
*Future lease payments for operating and finance leases commencing on
 
or after January 1, 2019, also include payments related to non-lease
components in accordance with our election to adopt the optional practical
 
expedient not to separate lease components apart from non-lease
components for accounting purposes.
 
In addition, future payments related to operating and finance leases proportionately consolidated by the
company have been included in the table on a proportionate basis consistent
 
with our respective ownership interest in the underlying investee
company or oil and gas venture.
Finance Lease, Liability, Maturity [Table Text Block]
The following table summarizes future lease
 
payments for operating and finance leases
 
at December 31, 2019:
Millions of Dollars
Operating
Leases
Finance
 
Leases
Maturity of Lease Liabilities
2020
$
348
120
2021
247
104
2022
130
102
2023
82
88
2024
63
84
Remaining years
149
382
Total
*
1,019
880
Less: portion representing imputed interest
(87)
(160)
Total lease liabilities
$
932
720
*Future lease payments for operating and finance leases commencing on
 
or after January 1, 2019, also include payments related to non-lease
components in accordance with our election to adopt the optional practical
 
expedient not to separate lease components apart from non-lease
components for accounting purposes.
 
In addition, future payments related to operating and finance leases proportionately consolidated by the
company have been included in the table on a proportionate basis consistent
 
with our respective ownership interest in the underlying investee
company or oil and gas venture.
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]
At December 31, 2018, future minimum payments
 
due under finance (capital) leases pursuant
 
to
ASC Topic 840 were:
Millions
of Dollars
2019
$
118
2020
116
2021
100
2022
98
2023
87
Remaining years
453
Total
972
Less: portion representing imputed interest
(195)
Capital lease obligations
$
777
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
At December 31, 2018, future undiscounted minimum
 
rental payments due under noncancelable operating
leases pursuant to ASC Topic 840 were:
Millions
of Dollars
2019
$
248
2020
425
2021
136
2022
319
2023
54
Remaining years
212
Total
1,394
Less: income from subleases
(7)
Net minimum operating lease payments
$
1,387
Schedule of Rent Expense [Table Text Block]
For the years ended December 31, operating
 
lease rental expense pursuant to ASC Topic 840 was:
Millions of Dollars
2018
2017
Total rentals
$
253
264
Less: sublease rentals
(16)
(20)
$
237
244