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Lease Commitments (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2020, and December 31, 2019:

millionsBalance sheet location20202019
Assets:
OperatingOperating lease assets$1,129  $1,411  
FinanceProperty, plant and equipment338  397  
Total lease assets$1,467  $1,808  
Liabilities:
Current
OperatingCurrent operating lease liabilities$420  $579  
FinanceCurrent maturities of long-term debt34  51  
Non-current
OperatingDeferred credits and other liabilities - Operating lease liabilities740  872  
FinanceLong-term debt, net301  347  
Total lease liabilities$1,495  $1,849  
Schedule of Operating Lease Maturities
At June 30, 2020, Occidental's leases expire based on the following schedule:

OperatingFinance
millions
Leases (a)
Leases (b)
Total
Remainder of 2020$239  $17  $256  
2021406  37  443  
2022149  34  183  
2023109  32  141  
202487  30  117  
Thereafter405  261  666  
Total lease payments1,395  411  1,806  
Less: Interest(235) (76) (311) 
Total lease liabilities$1,160  $335  $1,495  
(a) The weighted-average remaining lease term is 5.6 years and the weighted-average discount rate is 5.03%.
(b) The weighted-average remaining lease term is 11.8 years and the weighted-average discount rate is 3.36%.
Schedule of Finance Lease Maturities
At June 30, 2020, Occidental's leases expire based on the following schedule:

OperatingFinance
millions
Leases (a)
Leases (b)
Total
Remainder of 2020$239  $17  $256  
2021406  37  443  
2022149  34  183  
2023109  32  141  
202487  30  117  
Thereafter405  261  666  
Total lease payments1,395  411  1,806  
Less: Interest(235) (76) (311) 
Total lease liabilities$1,160  $335  $1,495  
(a) The weighted-average remaining lease term is 5.6 years and the weighted-average discount rate is 5.03%.
(b) The weighted-average remaining lease term is 11.8 years and the weighted-average discount rate is 3.36%.
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 June 30,Six months ended June 30,
Lease cost classification (a)
2020201920202019
Operating lease costs (b)
Property, plant and equipment, net$45  $91  $129  $182  
Cost of sales (c)
143  61  287  138  
Selling, general and administrative expenses22  19  43  35  
Finance lease cost:
Amortization of ROU assets7  —  11  —  
Interest on lease liabilities3  —  6  —  
Total lease cost$220  $171  $476  $355  
(a) Amounts reflected are gross before joint-interest recoveries.
(b) Includes short-term lease cost of $51 million and $70 million for the three months ended June 30, 2020, and 2019, respectively, and $105 million and $156 million for the six months ended June 30, 2020, and 2019, respectively. Includes variable lease cost of $24 million and $29 million for the three months ended June 30, 2020, and 2019, respectively, and $62 million and $60 million for the six months ended June 30, 2020, and 2019, respectively.
(c) Operating lease costs recorded as cost of sales in oil and gas operating expenses, transportation and gathering expenses and chemical and midstream cost of sales depending on their nature.

millionsSix months ended June 30,
20202019
Operating cash flows$270  $95  
Investing cash flows$49  $44  
Financing cash flows$12  $—