Supplemental Cash Flow Information (Tables)

9 Months Ended

Sep. 30, 2020

Supplemental Cash Flow Information [Abstract]

Schedule of cash flows, supplemental disclosures

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

	Nine Months Ended September 30,
	2020		2019
Decrease (increase) in current assets:
Receivables, net	$	3,229	$	(241)
Inventories	1,577		126
Prepaid expenses and other	70		(55)
Increase (decrease) in current liabilities:
Accounts payable	(4,893)		914
Accrued expenses	17		(92)
Taxes other than income taxes payable	(24)		(25)
Income taxes payable	(208)		101
Changes in current assets and current liabilities	$	(232)	$	728

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

	Nine Months Ended September 30,
	2020		2019
Interest paid in excess of amount capitalized, including interest on finance leases	$	338	$	303
Income taxes paid (refunded), net	206		(184)

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

	Nine Months Ended September 30,
	2020				2019
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows	$	329	$	74	$	329	$	38
Investing cash flows	1		—		1		—
Financing cash flows	—		51		—		31
Changes in lease balances resulting from new and modified leases (a)	211		1,506		1,673		221

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(a)Noncash activity for the nine months ended September 30, 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 nine months ended September 30, 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.”