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Lease Commitments (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of Lease Related Assets and Liabilities
The following table presents lease balances and their location on the Consolidated Condensed Balance Sheet at March 31, 2020 and December 31, 2019:

millionsBalance sheet location20202019
Assets:
OperatingOperating lease assets$1,193  $1,385  
FinanceProperty, plant and equipment343  397  
Total lease assets$1,536  $1,782  
Liabilities:
Current
OperatingCurrent operating lease liabilities$453  $569  
FinanceCurrent maturities of long-term debt38  51  
Non-current
OperatingDeferred credits and other liabilities - Operating lease liabilities768  854  
FinanceLong-term debt, net308  347  
Total lease liabilities$1,567  $1,821  
Schedule of Operating Lease Maturities
At March 31, 2020, Occidental's leases expire based on the following schedule:

OperatingFinance
millions
Leases (a)
Leases (b)
Total
Remainder of 2020$382  $31  $413  
2021386  37  423  
2022136  34  170  
2023102  32  134  
202481  30  111  
Thereafter248  261  509  
Total lease payments1,335  425  1,760  
Less: Interest(114) (79) (193) 
Total lease liabilities$1,221  $346  $1,567  
(a) The weighted-average remaining lease term is 4.8 years and the weighted-average discount rate is 2.85%.
(b) The weighted-average remaining lease term is 11.8 years and the weighted-average discount rate is 3.39%.
Schedule of Finance Lease Maturities
At March 31, 2020, Occidental's leases expire based on the following schedule:

OperatingFinance
millions
Leases (a)
Leases (b)
Total
Remainder of 2020$382  $31  $413  
2021386  37  423  
2022136  34  170  
2023102  32  134  
202481  30  111  
Thereafter248  261  509  
Total lease payments1,335  425  1,760  
Less: Interest(114) (79) (193) 
Total lease liabilities$1,221  $346  $1,567  
(a) The weighted-average remaining lease term is 4.8 years and the weighted-average discount rate is 2.85%.
(b) The weighted-average remaining lease term is 11.8 years and the weighted-average discount rate is 3.39%.
Schedule of Lease Costs
The following tables present Occidental's total lease cost and classifications, as well as cash paid for amounts included in the measurement of operating and finance lease liabilities:
millionsThree months ended March 31,
Lease cost classification (a)
20202019
Operating lease costs (b):
Property, plant and equipment, net$85  $91  
Cost of sales143  77  
Selling, general and administrative expenses21  16  
Finance lease cost:
Amortization of ROU assets —  
Interest on lease liabilities —  
Total lease cost$256  $184  
(a) Amounts reflected are gross before joint-interest recoveries.
(b) Includes short-term lease cost of $54 million and $86 million for the three months ended March 31, 2020 and 2019,
respectively. Includes variable lease cost of $38 million and $31 million for the three months ended March 31, 2020
and 2019, respectively.

Three months ended March 31,
millions20202019
Operating cash flows$145  $48  
Investing cash flows$36  $19  
Financing cash flows$ $—