XML 43 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Leased Assets
12 Months Ended
Dec. 31, 2017
Leases [Abstract]  
Leased Assets

20.  Leased Assets

We and certain of our subsidiaries lease drilling rigs, 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, 2017, 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):

 

2018

 

$

387

 

2019

 

376

 

2020

 

130

 

2021

 

71

 

2022

 

70

 

Remaining years

 

276

 

Total Minimum Lease Payments

 

 

1,310

 

Less: Income from subleases

 

99

 

Net Minimum Lease Payments

 

$

1,211

 

Rental expense was as follows:

 

 

2017

 

 

2016

 

 

2015

 

 

 

(In millions)

 

Total rental expense

 

$

123

 

 

$

106

 

 

$

167

 

Less: Income from subleases

 

10

 

 

5

 

 

10

 

Net Rental Expense

 

$

113

 

 

$

101

 

 

$

157