Supplemental Cash Flow Information (Tables)

3 Months Ended

Mar. 31, 2020

Supplemental Cash Flow Information [Abstract]

Schedule of cash flows, supplemental disclosures

Cash flows related to interest and income taxes were as follows (in millions):

	Three Months Ended March 31,
	2020		2019
Interest paid in excess of amount capitalized, including interest on finance leases	$	88	$	96
Income taxes paid (refunded), net	121		(59		)

Supplemental cash flow information related to our operating and finance leases was as follows (in millions):

	Three Months Ended March 31,
	2020				2019
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows	$	106	$	22	$	107	$	11
Financing cash flows	—		15		—		6
Changes in lease balances resulting from new and modified leases (a)	92		1,441		1,404		2

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(a)

Noncash activity for the three months ended March 31, 2020 primarily includes $1.4 billion for a finance lease ROU asset and related liability recognized in connection with the terminaling agreement with MVP described in Note 5. Noncash activity for the three months ended March 31, 2019 included $1.3 billion for operating lease ROU assets and related liabilities recorded on January 1, 2019 upon adoption of Financial Accounting Standards Board Accounting Standards Codification Topic 842, “Leases.”

In order to determine net cash provided by operating activities, net income is adjusted by, among other things, changes in current assets and current liabilities as follows (in millions):

	Three Months Ended March 31,
	2020			2019
Decrease (increase) in current assets:
Receivables, net	$	3,397		$	(895	)
Inventories	627			28
Prepaid expenses and other	(437		)	16
Increase (decrease) in current liabilities:
Accounts payable	(4,222		)	1,400
Accrued expenses	(79		)	(167		)
Taxes other than income taxes payable	(241		)	(263		)
Income taxes payable	(152		)	11
Changes in current assets and current liabilities	$	(1,107	)	$	130