Leases (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2019

Dec. 31, 2018

Variable lease cost represents costs incurred above the contractual minimum payments for operating and finance leases. The components of lease cost were as follows (in millions):



	Three Months Ended March 31, 2019
Operating Lease Cost	$	119
Finance Lease Cost:
Amortization of Lease Assets	3
Interest on Lease Liabilities	1
Variable Lease Cost	31
Short-Term Lease Cost	71
Total Lease Cost	$	225

Outstanding Lease Assets And Lease Liabilities

The following table sets forth the amounts and classification of EOG's outstanding ROU assets and lease liabilities and supplemental information at March 31, 2019 (in millions, except lease terms and discount rates):



Description	Location on Balance Sheet	Amount
Assets
Operating Leases	Other Assets	$	900
Finance Leases	Property, Plant and Equipment, Net ⁽¹⁾	63
Total		$	963

Liabilities
Current
Operating Leases	Current Portion of Operating Lease Liabilities	$	396
Finance Leases	Current Portion of Long-Term Debt	15
Long-Term
Operating Leases	Other Liabilities	529
Finance Leases	Long-Term Debt	53
Total		$	993


(1)	Finance lease assets are recorded net of accumulated amortization of $50 million at March 31, 2019.

Weighted Average Remaining Lease Term And Discount Rate



	Three Months Ended March 31, 2019
Weighted Average Remaining Lease Term (in years):
Operating Leases	3.3
Finance Leases	5.5

Weighted Average Discount Rate:
Operating Leases	3.5	%
Finance Leases	3.0	%

Cash Paid for Leases

Cash paid for leases was as follows for the three months ended March 31, 2019 (in millions):



	Three Months Ended March 31, 2019
Repayment of Operating Lease Liabilities Associated with Operating Activities	$	52
Repayment of Operating Lease Liabilities Associated with Investing Activities	66
Repayment of Finance Lease Liabilities	3

Operating And Finance Non-Cancellable Leases Maturity

At March 31, 2019, the future minimum lease payments under non-cancellable leases are as follows (in millions):



	Operating Leases		Finance Leases
April 1, 2019 to December 31, 2019	$	328	$	11
2020	326		15
2021	145		15
2022	87		12
2023	37		8
2024 and Beyond	62		14
Total Lease Payments	985		75
Less: Discount to Present Value	60		7
Total Lease Liabilities	925		68
Less: Current Portion of Lease Liabilities	396		15
Long-Term Lease Liabilities	$	529	$	53

Prior To Adoption Operating And Finance Non-Cancellable Leases Maturity

At December 31, 2018 and prior to the adoption of ASU 2016-02 and other related ASUs, the future minimum commitments under non-cancellable leases including non-lease components and excluding contracts with lease terms less than 12 months were as follows (in millions):



	Operating Leases		Finance Leases
2019	$	380	$	15
2020	213		15
2021	86		15
2022	39		12
2023	30		8
2024 and Beyond	62		14
Total Lease Payments	$	810	$	79