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Leased Assets
12 Months Ended
Dec. 31, 2015
Leases [Abstract]  
Leased Assets

18.  Leased Assets

We and certain of our subsidiaries lease drilling rigs, tankers, office space and other assets for varying periods under contractual obligations accounted for as operating leases.  Operating lease expenses for drilling rigs used to drill development wells and successful exploration wells are capitalized.  At December 31, 2015, future minimum rental payments applicable to non‑cancelable operating leases with remaining terms of one year or more (other than oil and gas property leases) are as follows (in millions):

 

2016

 

$

674

 

2017

 

524

 

2018

 

401

 

2019

 

366

 

2020

 

107

 

Remaining years

 

373

 

Total minimum lease payments

 

 

2,445

 

Less: Income from subleases

 

85

 

Net minimum lease payments

 

$

2,360

 

Rental expense was as follows:

 

 

2015

 

 

2014

 

 

2013

 

 

 

(In millions)

 

Total rental expense

 

$

167

 

 

$

248

 

 

$

355

 

Less: Income from subleases

 

10

 

 

17

 

 

15

 

Net rental expense

 

$

157

 

 

$

231

 

 

$

340