Leases (Tables)

6 Months Ended

Jun. 30, 2019

Minimum Future Lease Revenue on Non-Cancellable Operating Leases (in millions)


(a)	Includes minimum future lease revenue assuming all renewal option periods for each agreement are exercised.

Lease Liabilities Maturities (in millions)

Components of Lease Expense (in millions)



	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Operating lease cost	$	5	$	8

Finance lease cost:
Amortization of right-of-use assets	1		2
Interest on lease liabilities	1		1
Total finance lease cost	2		3

Variable lease cost	2		3
Short-term lease cost	9		15
Total Lease Cost	$	18	$	29

Supplemental Balance Sheet Data (in millions, except lease term and discount rates)



	June 30, 2019
Operating Leases
Right of use assets included in other noncurrent assets, net	$	121

Operating lease liabilities included in other current liabilities	$	12
Long-term operating lease liabilities included in other noncurrent liabilities	108
Total Operating Lease Liabilities	$	120

Weighted average remaining lease term	13 years
Weighted average discount rate	4.83		%

Finance Leases
Property, plant and equipment, gross	$	25
Accumulated depreciation	(14		)
Property, Plant and Equipment, Net	$	11

Debt due within one year	$	3
Long-term debt	10
Total Finance Lease Liabilities	$	13

Weighted average remaining lease term	5 years
Weighted average discount rate	5.88		%

Investment in Assets Held for Operating Leases (in millions)



	June 30, 2019			December 31, 2018
Terminals and related assets	$	847		$	778
Pipelines	110			110
Land and leasehold improvements	29			28
Construction in progress	21			15
Property, plant and equipment, at cost	1,007			931
Accumulated depreciation	(262		)	(238		)
Property, Plant and Equipment, Net	$	745		$	693