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Leases (Tables)

6 Months Ended

Jun. 30, 2019

Under ASC 842, the components of lease cost were as follows:



	Three Months Ended June 30,		Six Months Ended June 30,
(In millions)	2019		2019
Finance lease cost:
Amortization of right of use assets	$	15	$	29
Interest on lease liabilities	9		20
Operating lease cost	198		388
Variable lease cost	29		43
Short-term lease cost	162		314
Total lease cost	$	413	$	794

Supplemental Balance Sheet Disclosures [Text Block]

Supplemental balance sheet data related to leases were as follows:



(In millions)	June 30, 2019
Operating leases
Assets
Right of use assets	$	2,588
Liabilities
Operating lease liabilities	$	615
Long-term operating lease liabilities	2,068
Total operating lease liabilities	$	2,683
Weighted average remaining lease term (in years)	6.4
Weighted average discount rate	4.12		%

Finance leases
Assets
Property, plant and equipment, gross	$	786
Accumulated depreciation	243
Property, plant and equipment, net	$	543
Liabilities
Debt due within one year	$	51
Long-term debt	604
Total finance lease liabilities	$	655
Weighted average remaining lease term (in years)	12.8
Weighted average discount rate	6.04		%

Schedule Of Future Minimum Lease Payments For Operating And Capital Leases Table [Text Block]

As of June 30, 2019, maturities of lease liabilities for operating lease obligations and finance lease obligations having initial or remaining non-cancellable lease terms in excess of one year are as follows:



(In millions)	Operating		Finance
2019	$	381	$	39
2020	650		78
2021	562		70
2022	383		77
2023	273		83
2024 and thereafter	837		600
Gross lease payments	3,086		947
Less: imputed interest	403		292
Total lease liabilities	$	2,683	$	655

Presented in accordance with ASC 840, future minimum commitments as of December 31, 2018 for operating lease obligations and capital lease obligations having initial or remaining non-cancellable lease terms in excess of one year were as follows:



(In millions)	Operating		Capital
2019	$	709	$	70
2020	619		71
2021	553		66
2022	389		75
2023	295		82
2024 and thereafter	858		586
Total minimum lease payments	$	3,423	950
Less: imputed interest costs			301
Present value of net minimum lease payments			$	649

Schedule of Future Minimum Rental Payments Receivable for Operating Leases [Table Text Block]

The following is a schedule of minimum future rentals on the non‑cancellable operating leases as of June 30, 2019:



(In millions)
2019	$	90
2020	178
2021	169
2022	166
2023	161
2024 and thereafter	1,264
Total minimum future rentals	$	2,028

Schedule of Property Subject to or Available for Operating Lease [Table Text Block]

The following schedule summarizes our investment in assets held for operating lease by major classes as of June 30, 2019:



(In millions)	June 30, 2019
Natural gas gathering and NGL transportation pipelines and facilities	$	1,039
Natural gas processing facilities	633
Terminal and related assets	111
Land, building, office equipment and other	44
Property, plant and equipment	1,827
Less accumulated depreciation	284
Property, plant and equipment, net	$	1,543