Right of Use Assets, Net

12 Months Ended

Dec. 31, 2019

Disclosure Of Quantitative Information About Rightofuse Assets [Abstract]

Right of Use Assets, Net

19. RIGHT-OF-USE ASSETS, NET

	Real Estate			Railcars & Barges			Storage Assets			Refining Equipment			Other			Total
COST
As at January 1, 2019 (Note 4)		517			63			292			13			9			894
Additions		10			436			172			-			6			624
Terminations		-			-			(11	)		-			-			(11	)
Reclassifications		(8	)		-			-			-			-			(8	)
Re-measurement		-			(2	)		18			(2	)		-			14
Exchange Rate Movements and Other		(10	)		(2	)		(7	)		(1	)		(1	)		(21	)
As at December 31, 2019		509			495			464			10			14			1,492
ACCUMULATED DEPRECIATION
As at January 1, 2019 (Note 4)		-			-			-			1			-			1
Depreciation		29			55			75			2			4			165
Impairment Losses		3			-			-			-			-			3
Terminations		-			-			(1	)		-			-			(1	)
Exchange Rate Movements and Other		-			-			(1	)		-			-			(1	)
As at December 31, 2019		32			55			73			3			4			167
CARRYING VALUE
As at January 1, 2019 (Note 4)		517			63			292			12			9			893
As at December 31, 2019		477			440			391			7			10			1,325

In 2019, Cenovus recognized $17 million of lease income. Lease income is earned on operating leases related to the Company’s real estate ROU assets in which Cenovus is the lessor, and from the recovery of non-lease components for operating costs and unreserved parking related to the Company's net investment in finance leases. Finance leases are included in other assets as net investment in finance leases.