Leases Lessee Disclosure (Tables)

12 Months Ended

Dec. 31, 2019

Lessee, Lease, Description [Line Items]

Lessee, Finance Leases [Text Block]

Lessee

We lease a wide variety of facilities and equipment under leases from third parties, including land and building space, office and field equipment, storage facilities and transportation equipment, while our related party leases primarily relate to ground leases associated with our refining logistics assets. Our remaining lease terms range from less than one to 59 years. Some long-term leases include renewal options ranging from one to 50 years and, in certain leases, also include purchase options. Renewal options and termination options were not included in the measurement of ROU assets and lease liabilities since it was determined they were not reasonably certain to be exercised.

Under ASC 840, operating lease costs were $89 million in 2018 and $64 million in 2017. Under ASC 842, the components of lease cost were as follows:

	2019
(In millions)	Related Party		Third Party
Components of lease costs:
Operating lease costs	$	14	$	75
Finance lease cost:
Amortization of ROU assets	—		5
Interest on lease liabilities	—		1
Total finance lease cost	—		6
Variable lease cost	1		11
Short-term lease cost	—		80
Total lease cost	$	15	$	172

Supplemental balance sheet data related to leases were as follows:

	December 31, 2019
(In millions)	Related Party			Third Party
Operating leases
Assets
Right of use assets	$	232		$	365
Liabilities
Operating lease liabilities	1			66
Long-term operating lease liabilities	230			302
Total operating lease liabilities	$	231		$	368
Weighted average remaining lease term	47.20 years			8.59 years
Weighted average discount rate	5.80		%	4.38		%
Finance leases
Assets
Property, plant and equipment, gross				$	46
Accumulated depreciation				19
Property, plant and equipment, net				27
Liabilities
Other current liabilities				9
Long-term debt				10
Total finance lease liabilities				$	19
Weighted average remaining lease term				10.16 years
Weighted average discount rate				5.87		%

As of December 31, 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)	Related Party Operating Leases		Third Party Operating Leases		Finance Leases
2020	$	14	$	78	$	10
2021	14		73		2
2022	14		63		2
2023	14		56		2
2024	14		36		1
2025 and thereafter	605		139		10
Gross lease payments	675		445		27
Less: Imputed interest	444		77		8
Total lease liabilities	$	231	$	368	$	19

Future minimum commitments as of December 31, 2018, for capital lease obligations and for operating lease obligations having initial or remaining non-cancellable lease terms in excess of one year are as follows:

(In millions)	Operating Lease Obligations		Capital Lease Obligations
2019	$	90	$	5
2020	88		8
2021	83		3
2022	76		2
2023	70		2
2024 and thereafter	825		4
Total minimum lease payments	$	1,232	24
Less: imputed interest costs			3
Present value of net minimum lease payments			$	21

Lease, Cost [Table Text Block]

Under ASC 840, operating lease costs were $89 million in 2018 and $64 million in 2017. Under ASC 842, the components of lease cost were as follows:

	2019
(In millions)	Related Party		Third Party
Components of lease costs:
Operating lease costs	$	14	$	75
Finance lease cost:
Amortization of ROU assets	—		5
Interest on lease liabilities	—		1
Total finance lease cost	—		6
Variable lease cost	1		11
Short-term lease cost	—		80
Total lease cost	$	15	$	172

Supplemental Balance Sheet Disclosures [Text Block]

Supplemental balance sheet data related to leases were as follows:

	December 31, 2019
(In millions)	Related Party			Third Party
Operating leases
Assets
Right of use assets	$	232		$	365
Liabilities
Operating lease liabilities	1			66
Long-term operating lease liabilities	230			302
Total operating lease liabilities	$	231		$	368
Weighted average remaining lease term	47.20 years			8.59 years
Weighted average discount rate	5.80		%	4.38		%
Finance leases
Assets
Property, plant and equipment, gross				$	46
Accumulated depreciation				19
Property, plant and equipment, net				27
Liabilities
Other current liabilities				9
Long-term debt				10
Total finance lease liabilities				$	19
Weighted average remaining lease term				10.16 years
Weighted average discount rate				5.87		%

Schedule of Future Minimum Lease Payments for Operating and Finance Leases [Table Text Block]

As of December 31, 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)	Related Party Operating Leases		Third Party Operating Leases		Finance Leases
2020	$	14	$	78	$	10
2021	14		73		2
2022	14		63		2
2023	14		56		2
2024	14		36		1
2025 and thereafter	605		139		10
Gross lease payments	675		445		27
Less: Imputed interest	444		77		8
Total lease liabilities	$	231	$	368	$	19

Future minimum commitments as of December 31, 2018, for capital lease obligations and for operating lease obligations having initial or remaining non-cancellable lease terms in excess of one year are as follows:

(In millions)	Operating Lease Obligations		Capital Lease Obligations
2019	$	90	$	5
2020	88		8
2021	83		3
2022	76		2
2023	70		2
2024 and thereafter	825		4
Total minimum lease payments	$	1,232	24
Less: imputed interest costs			3
Present value of net minimum lease payments			$	21