Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of lease costs and other lessee information

The following table presents components of lease cost, including both amounts recognized in income and amounts capitalized (in millions):

	Year Ended December 31,
Lease Cost	2021		2020		2019
Operating lease cost	$	96	$	111	$	125
Short-term lease cost	19		31		35
Other (1) (2)	14		8		—
Total lease cost	$	129	$	150	$	160

(1)Includes finance lease costs, variable lease costs and sublease income.

(2)Includes approximately $8 million and $6 million for the years ended December 31, 2021 and 2020, respectively, associated with leased storage tanks owned by an equity method investee, in which we own a 50% interest.

The following table presents information related to cash flows arising from lease transactions (in millions):

	Year Ended December 31,
	2021		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	91	$	108	$	116
Operating cash flows for finance leases	$	7	$	5	$	1
Financing cash flows for finance leases	$	11	$	19	$	18
Non-cash change in lease liabilities arising from obtaining new right-of-use assets or modifications:
Operating leases	$	94	$	5	$	77
Finance leases (1)	$	1	$	32	$	27

(1)Includes $25 million and $12 million for the years ended December 31, 2020 and 2019, respectively, associated with leased storage tanks owned by an equity method investee, in which we own a 50% interest.

Information related to the weighted-average remaining lease term and discount rate is presented in the table below:

	December 31,
	2021		2020
Weighted-average remaining lease term (in years):
Operating leases	11		12
Finance leases	9		9
Weighted-average discount rate:
Operating leases	4.2	%	4.5	%
Finance leases	11.6	%	11.1	%

Schedule of assets and liabilities, lessee

The following table presents the amount and location of our operating and finance lease right-of-use assets and liabilities on our Consolidated Balance Sheets (in millions):

		December 31,
Leases	Balance Sheet Location	2021		2020
Assets
Operating lease right-of-use assets	Long-term operating lease right-of-use assets, net	$	393	$	378
Finance lease right-of-use assets (1)	Property and equipment	$	136	$	141
	Accumulated depreciation	(37)		(27)
	Property and equipment, net	$	99	$	114
Total lease right-of-use assets		$	492	$	492
Liabilities
Operating lease liabilities
Current	Other current liabilities	$	77	$	78
Noncurrent	Long-term operating lease liabilities	339		317
Total operating lease liabilities		$	416	$	395
Finance lease liabilities (1)
Current	Short-term debt	$	12	$	11
Noncurrent	Other long-term debt, net	59		70
Total finance lease liabilities		$	71	$	81
Total lease liabilities		$	487	$	476

(1)Includes right-of-use assets of $33 million and $35 million and lease liabilities of $35 million and $36 million as of December 31, 2021 and 2020, respectively, associated with leased storage tanks owned by an equity method investee, in which we own a 50% interest.

Schedule of finance lease maturity

The following table presents the maturity of undiscounted cash flows for future minimum lease payments under noncancelable leases as of December 31, 2021 reconciled to our lease liabilities on our Consolidated Balance Sheet (amounts in millions):

	Operating		Finance (2)
Future minimum lease payments (1):
2022	$	92	$	18
2023	75		15
2024	63		14
2025	50		12
2026	38		7
Thereafter	252		60
Total	570		126
Less: Present value discount	(154)		(55)
Lease liabilities	$	416	$	71

(1)Excludes future minimum payments for short-term and other immaterial leases not included on our Consolidated Balance Sheet.

(2)Includes payments of approximately $6 million for each of the years ending 2022 through 2026 and approximately $58 million thereafter associated with leased storage tanks owned by an equity method investee, in which we own a 50% interest.

Schedule of operating lease maturity

The following table presents the maturity of undiscounted cash flows for future minimum lease payments under noncancelable leases as of December 31, 2021 reconciled to our lease liabilities on our Consolidated Balance Sheet (amounts in millions):

	Operating		Finance (2)
Future minimum lease payments (1):
2022	$	92	$	18
2023	75		15
2024	63		14
2025	50		12
2026	38		7
Thereafter	252		60
Total	570		126
Less: Present value discount	(154)		(55)
Lease liabilities	$	416	$	71

(1)Excludes future minimum payments for short-term and other immaterial leases not included on our Consolidated Balance Sheet.

(2)Includes payments of approximately $6 million for each of the years ending 2022 through 2026 and approximately $58 million thereafter associated with leased storage tanks owned by an equity method investee, in which we own a 50% interest.

Schedule of lessor operating lease revenue

The following table presents our lease revenue for the periods indicated (in millions):

	Year Ended December 31,
	2021		2020		2019
Operating lease revenue (1)	$	28	$	19	$	17

(1)These amounts are included in “Services revenues” on our Consolidated Statements of Operations.

Schedule of lessor future revenues maturity

The following table presents the undiscounted cash flows expected to be received related to these agreements (in millions):

	2022		2023		2024		2025		2026		Thereafter
Future minimum lease revenue	$	29	$	22	$	20	$	20	$	20	$	197