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Leases (Tables) | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Lease | The components of lease cost for the years ended December 31, 2021, 2020 and 2019 were as follows (in millions):
| 2021 |  | 2020 |  | 2019
Operating Lease Cost (1) | $ | 295 |  |  | $ | 393 |  |  | $ | 497 |
Finance Lease Cost: |  |  |  |  |
Amortization of Lease Assets | 39 |  |  | 21 |  |  | 13 |
Interest on Lease Liabilities | 7 |  |  | 4 |  |  | 2 |
Variable Lease Cost | 63 |  |  | 91 |  |  | 138 |
Short-Term Lease Cost | 257 |  |  | 194 |  |  | 333 |
Total Lease Cost | $ | 661 |  |  | $ | 703 |  |  | $ | 983 |
(1) Operating lease cost includes impairment expenses of $35 million in 2020.
Outstanding Lease Assets And Lease Liabilities | The following table sets forth the amounts and classification of EOG's outstanding ROU assets and related lease liabilities at December 31, 2021 and 2020 and supplemental information for the years ended December 31, 2021 and 2020 (in millions, except lease terms and discount rates):
Description |  | Location on Balance Sheet |  | 2021 |  | 2020
Assets |  |  |  |  |  |
Operating Leases |  | Other Assets |  | $ | 743 |  |  | $ | 869 |
Finance Leases |  | Property, Plant and Equipment, Net (1) |  | 241 |  |  | 206 |
Total |  |  |  | $ | 984 |  |  | $ | 1,075 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating Leases |  | Current Portion of Operating Lease Liabilities |  | $ | 240 |  |  | $ | 295 |
Finance Leases |  | Current Portion of Long-Term Debt |  | 37 |  |  | 31 |
Long-Term |  |  |  |  |  |
Operating Leases |  | Other Liabilities |  | 558 |  |  | 641 |
Finance Leases |  | Long-Term Debt |  | 213 |  |  | 181 |
Total |  |  |  | $ | 1,048 |  |  | $ | 1,148 |
(1) Finance lease assets are recorded net of accumulated amortization of $119 million and $81 million at December 31, 2021 and 2020, respectively.
Weighted Average Remaining Lease Term And Discount Rate |
| 2021 |  | 2020
Weighted Average Remaining Lease Term (in years): |  |  |
Operating Leases | 5.3 |  | 5.3
Finance Leases | 7.0 |  | 7.6
Weighted Average Discount Rate: |  |  |
Operating Leases | 3.0 | % |  | 3.4 | %
Finance Leases | 2.6 | % |  | 2.8 | %
Cash Paid for Leases | Cash paid for leases for the years ended December 31, 2021, 2020 and 2019 was as follows (in millions):
| 2021 |  | 2020 |  | 2019
Repayment of Operating Lease Liabilities Associated with Operating Activities | $ | 207 |  |  | $ | 223 |  |  | $ | 225 |
Repayment of Operating Lease Liabilities Associated with Investing Activities | 98 |  |  | 130 |  |  | 270 |
Repayment of Finance Lease Liabilities | 37 |  |  | 19 |  |  | 13 |
Operating And Finance Non-Cancellable Leases Maturity | At December 31, 2021, the future minimum lease payments under non-cancellable leases were as follows (in millions):
| Operating Leases |  | Finance Leases
2022 | $ | 262 |  |  | $ | 42 |
2023 | 188 |  |  | 37 |
2024 | 113 |  |  | 37 |
2025 | 80 |  |  | 36 |
2026 | 59 |  |  | 30 |
2027 and Beyond | 172 |  |  | 94 |
Total Lease Payments | 874 |  |  | 276 |
Less: Discount to Present Value | 76 |  |  | 26 |
Total Lease Liabilities | 798 |  |  | 250 |
Less: Current Portion of Lease Liabilities | 240 |  |  | 37 |
Long-Term Lease Liabilities | $ | 558 |  |  | $ | 213 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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