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Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Assets And Liabilities, Lessee

Details of the right-of-use assets and lease liabilities for operating and finance leases, including the balance sheet presentation, are as follows:

	At December 31, 2019
	Operating Leases				Finance Leases
Deferred charges and other assets	$	4,074			$	—
Properties, plant and equipment, net	—				329
Right-of-use assets1, 2	$	4,074			$	329
Accrued Liabilities	$	1,277			$	—
Short-term Debt	—				18
Current lease liabilities	1,277				18
Deferred credits and other noncurrent obligations	2,608				—
Long-term Debt	—				282
Noncurrent lease liabilities	2,608				282
Total lease liabilities	$	3,885			$	300
Weighted-average remaining lease term (in years)	5.2				16.0
Weighted-average discount rate	3.2		%		4.7		%

¹ Capitalized leased assets of $818 are primarily from the Upstream segment, with accumulated amortization of $617 at December 31, 2018.

² Includes non-cash additions of $1,201 and $184 right-of-use assets obtained in exchange for new and modified lease liabilities in 2019 for operating and finance leases, respectively.

Lease, Cost

Total lease costs consist of both amounts recognized in the Consolidated Statement of Income during the period and amounts capitalized as part of the cost of another asset. Total lease costs incurred for operating and finance leases were as follows:

		Year Ended December 31, 2019
Operating lease costs1, 2		$	2,621
Finance lease costs		66
Total lease costs		$	2,687

¹ Net rental expense of $816 and $721 for 2018 and 2017, respectively.

² Includes variable and short-term lease costs.

Cash paid for amounts included in the measurement of lease liabilities was as follows:

	Year Ended December 31, 2019
Operating cash flows from operating leases	$	1,574
Investing cash flows from operating leases	1,047
Operating cash flows from finance leases	13
Financing cash flows from finance leases	24

Lessee, Operating Lease, Liability, Maturity

At December 31, 2019, the estimated future undiscounted cash flows for operating and finance leases were as follows:

		At December 31, 2019
		Operating Leases				Finance Leases
Year	2020	$	1,374			$	35
	2021	1,083				33
	2022	546				31
	2023	336				31
	2024	216				30
	Thereafter	696				251
	Total	$	4,251			$	411
Less: Amounts representing interest		366				111
Total lease liabilities		$	3,885			$	300

Finance Lease, Liability, Maturity

At December 31, 2019, the estimated future undiscounted cash flows for operating and finance leases were as follows:

		At December 31, 2019
		Operating Leases				Finance Leases
Year	2020	$	1,374			$	35
	2021	1,083				33
	2022	546				31
	2023	336				31
	2024	216				30
	Thereafter	696				251
	Total	$	4,251			$	411
Less: Amounts representing interest		366				111
Total lease liabilities		$	3,885			$	300

Schedule of Estimated Future Minimum Lease Payments

At December 31, 2018, the estimated future minimum lease payments (net of noncancelable sublease rentals) under operating and capital leases, which at inception had a noncancelable term of more than one year, were as follows:

		At December 31, 2018
		Operating Leases				Capital Leases *
Year	2019	$	540			$	30
	2020	492				22
	2021	378				17
	2022	242				16
	2023	166				16
	Thereafter	341				132
	Total	$	2,159			$	233
Less: Amounts representing interest and executory costs						(88		)
Net present values						145
Less: Capital lease obligations included in short-term debt						(18		)
Long-term capital lease obligations						$	127

* Excluded from the table is an executed but not-yet-commenced capital lease with payments of $14, $15, $22, $21, $21 and $219 for 2019, 2020, 2021, 2022, 2023 and thereafter, respectively.

Schedule of Estimated Future Minimum Lease Payments

At December 31, 2018, the estimated future minimum lease payments (net of noncancelable sublease rentals) under operating and capital leases, which at inception had a noncancelable term of more than one year, were as follows:

		At December 31, 2018
		Operating Leases				Capital Leases *
Year	2019	$	540			$	30
	2020	492				22
	2021	378				17
	2022	242				16
	2023	166				16
	Thereafter	341				132
	Total	$	2,159			$	233
Less: Amounts representing interest and executory costs						(88		)
Net present values						145
Less: Capital lease obligations included in short-term debt						(18		)
Long-term capital lease obligations						$	127

* Excluded from the table is an executed but not-yet-commenced capital lease with payments of $14, $15, $22, $21, $21 and $219 for 2019, 2020, 2021, 2022, 2023 and thereafter, respectively.

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