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v3.19.3.a.u2

Leases (Notes) | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Lessee Operating and Finance Leases [Text Block] | Leases Lease costs are classified by the function of the ROU asset. The lease costs related to exploration and development activities are initially included in the Oil and Gas Properties line on the Consolidated Balance Sheets and subsequently accounted for in accordance with the Extractive Industries - Oil and Gas Topic of the ASC. Variable lease cost represents costs incurred above the contractual minimum payments and other charges associated with leased equipment, primarily for drilling and fracturing contracts classified as operating leases. The components of lease cost for the year ended December 31, 2019, were as follows (in millions):
| Year Ended December 31, 2019
Operating Lease Cost | $ | 497 |
Finance Lease Cost: |
Amortization of Lease Assets | 13 |
Interest on Lease Liabilities | 2 |
Variable Lease Cost | 138 |
Short-Term Lease Cost | 333 |
Total Lease Cost | $ | 983 |
The following table sets forth the amounts and classification of EOG's outstanding ROU assets and related lease liabilities and supplemental information at December 31, 2019 (in millions, except lease terms and discount rates):
Description |  | Location on Balance Sheet |  | Amount
Assets |  |  |  |
Operating Leases |  | Other Assets |  | $ | 773 |
Finance Leases |  | Property, Plant and Equipment, Net (1) |  | 53 |
Total |  |  |  | $ | 826 |
Liabilities |  |  |  |
Current |  |  |  |
Operating Leases |  | Current Portion of Operating Lease Liabilities |  | $ | 369 |
Finance Leases |  | Current Portion of Long-Term Debt |  | 15 |
Long-Term |  |  |  |
Operating Leases |  | Other Liabilities |  | 430 |
Finance Leases |  | Long-Term Debt |  | 43 |
Total |  |  |  | $ | 857 |
(1) | Finance lease assets are recorded net of accumulated amortization of $60 million at December 31, 2019.
| Year Ended December 31, 2019
Weighted Average Remaining Lease Term (in years): |
Operating Leases | 3.2 |
Finance Leases | 4.7 |
Weighted Average Discount Rate: |
Operating Leases | 3.5 | %
Finance Leases | 3.0 | %
Cash paid for leases was as follows for the year ended December 31, 2019 (in millions):
| Year Ended December 31, 2019
Repayment of Operating Lease Liabilities Associated with Operating Activities | $ | 225 |
Repayment of Operating Lease Liabilities Associated with Investing Activities | 270 |
Repayment of Finance Lease Liabilities | 13 |
Upon adoption of ASU 2016-02 effective January 1, 2019, EOG recognized operating lease ROU assets of $566 million. Non-cash leasing activities for the twelve months ended December 31, 2019, included the addition of $784 million of operating leases. At December 31, 2019, the future minimum lease payments under non-cancellable leases were as follows (in millions):
| Operating Leases |  | Finance Leases
2020 | $ | 390 |  |  | $ | 15 |
2021 | 209 |  |  | 15 |
2022 | 126 |  |  | 12 |
2023 | 56 |  |  | 8 |
2024 | 29 |  |  | 8 |
2025 and Beyond | 40 |  |  | 6 |
Total Lease Payments | 850 |  |  | 64 |
Less: Discount to Present Value | 51 |  |  | 6 |
Total Lease Liabilities | 799 |  |  | 58 |
Less: Current Portion of Lease Liabilities | 369 |  |  | 15 |
Long-Term Lease Liabilities | $ | 430 |  |  | $ | 43 |
At December 31, 2019, EOG had additional leases of $699 million, of which $521 million and $178 million were expected to commence in 2020 and 2021, respectively, with lease terms of one month to 10 years. 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 of 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 |

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- Definition Lessee Operating and Finance Leases [Text Block] + References No definition available. + Details
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Namespace Prefix: | eog_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration