XML 70 R44.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Leases [Abstract] |
Schedule of Lease | The components of lease cost for the years ended December 31, 2023, 2022 and 2021 were as follows (in millions):
| 2023 |  | 2022 |  | 2021
Operating Lease Cost | $ | 387 |  |  | $ | 282 |  |  | $ | 295 |
Finance Lease Cost: |  |  |  |  |
Amortization of Lease Assets | 33 |  |  | 36 |  |  | 39 |
Interest on Lease Liabilities | 5 |  |  | 6 |  |  | 7 |
Variable Lease Cost | 91 |  |  | 71 |  |  | 63 |
Short-Term Lease Cost | 567 |  |  | 425 |  |  | 257 |
Total Lease Cost | $ | 1,083 |  |  | $ | 820 |  |  | $ | 661 |
Schedule of 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, 2023 and 2022 and supplemental information for the years ended December 31, 2023 and 2022 (in millions, except lease terms and discount rates):
Description |  | Location on Balance Sheet |  | 2023 |  | 2022
Assets |  |  |  |  |  |
Operating Leases |  | Other Assets |  | $ | 974 |  |  | $ | 846 |
Finance Leases |  | Property, Plant and Equipment, Net (1) |  | 170 |  |  | 203 |
Total |  |  |  | $ | 1,144 |  |  | $ | 1,049 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating Leases |  | Current Portion of Operating Lease Liabilities |  | $ | 325 |  |  | $ | 296 |
Finance Leases |  | Current Portion of Long-Term Debt |  | 34 |  |  | 33 |
Long-Term |  |  |  |  |  |
Operating Leases |  | Other Liabilities |  | 676 |  |  | 584 |
Finance Leases |  | Long-Term Debt |  | 149 |  |  | 182 |
Total |  |  |  | $ | 1,184 |  |  | $ | 1,095 |
(1) Finance lease assets are recorded net of accumulated amortization of $190 million and $157 million at December 31, 2023 and 2022, respectively.
Schedule of Weighted Average Remaining Lease Term And Discount Rate |
| 2023 |  | 2022
Weighted Average Remaining Lease Term (in years): |  |  |
Operating Leases | 5.3 |  | 4.9
Finance Leases | 5.5 |  | 6.5
Weighted Average Discount Rate: |  |  |
Operating Leases | 4.3 | % |  | 3.4 | %
Finance Leases | 2.6 | % |  | 2.6 | %
Schedule of Cash Paid for Leases | Cash paid for leases for the years ended December 31, 2023, 2022 and 2021 was as follows (in millions):
| 2023 |  | 2022 |  | 2021
Repayment of Operating Lease Liabilities Associated with Operating Activities | $ | 226 |  |  | $ | 199 |  |  | $ | 207 |
Repayment of Operating Lease Liabilities Associated with Investing Activities | 172 |  |  | 95 |  |  | 98 |
Repayment of Finance Lease Liabilities | 32 |  |  | 35 |  |  | 37 |
Schedule of Operating And Finance Non-Cancellable Leases Maturity | At December 31, 2023, the future minimum lease payments under non-cancellable leases were as follows (in millions):
| Operating Leases |  | Finance Leases
2024 | $ | 363 |  |  | $ | 37 |
2025 | 213 |  |  | 35 |
2026 | 129 |  |  | 30 |
2027 | 100 |  |  | 30 |
2028 | 99 |  |  | 30 |
2029 and beyond | 222 |  |  | 35 |
Total Lease Payments | 1,126 |  |  | 197 |
Less: Discount to Present Value | 125 |  |  | 14 |
Total Lease Liabilities | 1,001 |  |  | 183 |
Less: Current Portion of Lease Liabilities | 325 |  |  | 34 |
Long-Term Lease Liabilities | $ | 676 |  |  | $ | 149 |

X
- Definition Operating And Finance Leases Supplemental Disclosures [Table Text Block] + References No definition available. + Details
Name: | eog_OperatingAndFinanceLeasesSupplementalDisclosuresTableTextBlock
Namespace Prefix: | eog_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Operating And Finance Non-Cancellable Leases Maturity [Table Text Block] + References No definition available. + Details
Name: | eog_OperatingAndFinanceNonConcellableLeasesMaturityTableTextBlock
Namespace Prefix: | eog_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Outstanding Lease Assets And Lease Liabilities [Table Text Block] + References No definition available. + Details
Name: | eog_OutstandingLeaseAssetsAndLeaseLiabilitiesTableTextBlock
Namespace Prefix: | eog_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Weighted Average Remaining Lease Term And Discount Rate [Table Text Block] + References No definition available. + Details
Name: | eog_WeightedAverageRemainingLeaseTermAndDiscountRateTableTextBlock
Namespace Prefix: | eog_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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