Basis of Presentation (Policies) |
3 Months Ended |
|---|---|
Mar. 31, 2020 | |
| Accounting Policies [Abstract] | |
| Basis of Accounting, Policy [Policy Text Block] | The interim-period financial information unaudited and, in the opinion of management, presentation of the consolidated financial flows for such periods. Certain notes and other information have been included in this report. consolidated financial statements and notes included The unrealized (gain) loss on investment in Cenovus flows, previously reflected on the line item reclassified in the comparative period to conform |
| New Accounting Pronouncements, Policy [Policy Text Block] | Note 2—Changes in Accounting Principles We adopted
Instruments,” (ASC Topic 326) and its amendments, beginning
January 1, 2020
. forth the current expected credit loss model, instruments measured at amortized cost basis as amended, which primarily applies to our accounts for-sale debt securities to be recorded through an allowance The adoption of this ASU did
not have a material impact to our financial statements.
or less. other analyses. analyses of historical loss rates as well as consideration counterparties’ credit quality and liquidity. |
| Revenue Recognition, Policy [Policy Text Block] | Practical Expedients Typically, cases We have long-term commodity sales
contracts which use prevailing market prices at the time of delivery, and under these contracts, the market-
based variable consideration for each performance obligation (i.e., delivery of commodity) is allocated to each
wholly unsatisfied performance obligation within the contract.
we have applied the practical
expedient allowed in ASC Topic 606 and do not disclose the aggregate amount of the transaction price
allocated to performance obligations or when we expect to recognize revenues that are unsatisfied (or partially
unsatisfied) as of the end of the reporting period.
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| Long-Duration Contracts Revenue Recognition, Policy [Policy Text Block] | We have entered into contractual arrangements where we license proprietary technology to customers related
to the optimization process for operating LNG plants. The agreements typically provide for negotiated
payments to be made at stated milestones. The payments are not directly related to our performance under the
contract and are recorded as deferred revenue to be recognized as revenue when the customer can utilize and
benefit from their right to use the license. Payments are received in installments over the construction period.
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