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Leases
 12 Months Ended
Dec. 31, 2023
Disclosure of leases [Abstract]  
Leases Leases
LEASE ASSETS
Product transportation and storage
Field equipment and power
Offshore vessels and equipment
Office leases and other
Total
At December 31, 2021$974 $354 $99 $81 $1,508 
Additions44 110 28 — 182 
Depreciation(106)(86)(31)(21)(244)
Foreign exchange and other— (1)1 1 1 
At December 31, 2022912 377 97 61 1,447 
Additions27 218 49 23 317 
Depreciation(98)(111)(45)(19)(273)
Foreign exchange and other(1)(2)(30)— (33)
At December 31, 2023$840 $482 $71 $65 $1,458 
LEASE ASSETS, BY SEGMENT
As at December 31, 2023 and 2022, the Company had the following lease assets by segment:
 
20232022
Exploration and Production
 
North America
$280 $277 
North Sea
18 1 
Offshore Africa
119 98 
Oil Sands Mining and Upgrading
1,001 1,015 
Head Office
40 56 
 
$1,458 $1,447 
LEASE LIABILITIES
The Company measures its lease liabilities at the discounted value of its lease payments during the lease term. Lease liabilities at December 31, 2023 and 2022, were as follows:
 20232022
Lease liabilities $1,555 $1,540 
Less: current portion298 244 
 $1,257 $1,296 
In addition to the lease assets disclosed above, on an ongoing basis the Company enters into short-term leases related to its Exploration and Production and Oil Sands Mining and Upgrading activities.
Other amounts included in net earnings and cash flows during 2023 and 2022 are provided below:

20232022
Expenses relating to short-term leases (1)
$403 $410 
Interest expense on lease liabilities$64 $60 
Variable lease payments not included in the measurement of lease liabilities$59 $49 
Total cash outflows for leases (2)
$1,325 $1,204 
(1)During 2023, the Company capitalized $514 million (2022 – $453 million) of short-term leases as additions to property, plant and equipment.
(2)Comprised of cash outflows relating to lease liabilities, short-term leases, and variable lease payments.