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Leases (Tables) | 6 Months Ended
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Jun. 30, 2020
Leases [Abstract] |
Total lease cost by class of underlying asset | Total lease cost by class of underlying asset was as follows (in millions):
| Pipelines, Terminals, and Tanks |  | Transportation |  | Feedstock Processing Equipment |  | Energy and Gases |  | Real Estate |  | Other |  | Total
|  | Marine |  | Rail |  |  |  |  |
Three months ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use (ROU) assets | $ | 28 |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 32 |
Interest on lease liabilities | 25 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 26 |
Operating lease cost | 42 |  |  | 37 |  |  | 15 |  |  | 4 |  |  | 2 |  |  | 6 |  |  | 1 |  |  | 107 |
Variable lease cost | 17 |  |  | 15 |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 33 |
Short-term lease cost | 2 |  |  | 14 |  |  | — |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | 23 |
Sublease income | — |  |  | (2 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2 | )
Total lease cost | $ | 114 |  |  | $ | 64 |  |  | $ | 15 |  |  | $ | 15 |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 1 |  |  | $ | 219 |
Three months ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of ROU assets | $ | 12 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 14 |
Interest on lease liabilities | 12 |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | 14 |
Operating lease cost | 47 |  |  | 34 |  |  | 13 |  |  | 5 |  |  | 2 |  |  | 10 |  |  | 2 |  |  | 113 |
Variable lease cost | 15 |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 22 |
Short-term lease cost | 4 |  |  | 12 |  |  | — |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  | 24 |
Sublease income | — |  |  | (15 | ) |  | — |  |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (16 | )
Total lease cost | $ | 90 |  |  | $ | 38 |  |  | $ | 13 |  |  | $ | 15 |  |  | $ | 4 |  |  | $ | 9 |  |  | $ | 2 |  |  | $ | 171 |
| Pipelines, Terminals, and Tanks |  | Transportation |  | Feedstock Processing Equipment |  | Energy and Gases |  | Real Estate |  | Other |  | Total
|  | Marine |  | Rail |  |  |  |  |
Six months ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of ROU assets | $ | 50 |  |  | $ | — |  |  | $ | — |  |  | $ | 6 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 58 |
Interest on lease liabilities | 46 |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | 48 |
Operating lease cost | 84 |  |  | 76 |  |  | 30 |  |  | 8 |  |  | 4 |  |  | 12 |  |  | 2 |  |  | 216 |
Variable lease cost | 33 |  |  | 33 |  |  | 1 |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | 69 |
Short-term lease cost | 6 |  |  | 36 |  |  | — |  |  | 21 |  |  | — |  |  | — |  |  | — |  |  | 63 |
Sublease income | — |  |  | (8 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (8 | )
Total lease cost | $ | 219 |  |  | $ | 137 |  |  | $ | 31 |  |  | $ | 37 |  |  | $ | 7 |  |  | $ | 13 |  |  | $ | 2 |  |  | $ | 446 |
Six months ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of ROU assets | $ | 20 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 24 |
Interest on lease liabilities | 22 |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | — |  |  | — |  |  | 25 |
Operating lease cost | 94 |  |  | 68 |  |  | 24 |  |  | 12 |  |  | 4 |  |  | 14 |  |  | 2 |  |  | 218 |
Variable lease cost | 33 |  |  | 17 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 50 |
Short-term lease cost | 7 |  |  | 26 |  |  | — |  |  | 14 |  |  | — |  |  | — |  |  | — |  |  | 47 |
Sublease income | — |  |  | (16 | ) |  | — |  |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (18 | )
Total lease cost | $ | 176 |  |  | $ | 95 |  |  | $ | 24 |  |  | $ | 29 |  |  | $ | 8 |  |  | $ | 12 |  |  | $ | 2 |  |  | $ | 346 |
Additional information related to operating and finance leases | The following table presents additional information related to our operating and finance leases (in millions, except for lease terms and discount rates):
| June 30, 2020 |  | December 31, 2019
| Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
Supplemental balance sheet information |  |  |  |  |  |  |
ROU assets, net reflected in the following balance sheet line items: |  |  |  |  |  |  |
Property, plant, and equipment, net | $ | — |  |  | $ | 2,225 |  |  | $ | — |  |  | $ | 790 |
Deferred charges and other assets, net | 1,273 |  |  | — |  |  | 1,329 |  |  | — |
Total ROU assets, net | $ | 1,273 |  |  | $ | 2,225 |  |  | $ | 1,329 |  |  | $ | 790 |
Current lease liabilities reflected in the following balance sheet line items: |  |  |  |  |  |  |
Current portion of debt and finance lease obligations | $ | — |  |  | $ | 71 |  |  | $ | — |  |  | $ | 41 |
Accrued expenses | 325 |  |  | — |  |  | 331 |  |  | — |
Noncurrent lease liabilities reflected in the following balance sheet line items: |  |  |  |  |  |  |
Debt and finance lease obligations, less current portion | — |  |  | 2,177 |  |  | — |  |  | 750 |
Other long-term liabilities | 920 |  |  | — |  |  | 959 |  |  | — |
Total lease liabilities | $ | 1,245 |  |  | $ | 2,248 |  |  | $ | 1,290 |  |  | $ | 791 |
Other supplemental information |  |  |  |  |  |  |
Weighted-average remaining lease term | 7.5 years |  |  | 22.4 years |  |  | 7.7 years |  |  | 19.7 years |
Weighted-average discount rate | 4.7 | % |  | 4.3 | % |  | 4.9 | % |  | 5.2 | %
Remaining minimum lease payments due under long-term operating leases | The remaining minimum lease payments due under our long-term leases were as follows (in millions):
| June 30, 2020 |  | December 31, 2019
| Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
2020 (a) | $ | 207 |  |  | $ | 85 |  |  | $ | 376 |  |  | $ | 88 |
2021 | 287 |  |  | 171 |  |  | 250 |  |  | 86 |
2022 | 214 |  |  | 173 |  |  | 194 |  |  | 87 |
2023 | 179 |  |  | 178 |  |  | 160 |  |  | 91 |
2024 | 142 |  |  | 170 |  |  | 125 |  |  | 82 |
Thereafter | 510 |  |  | 2,922 |  |  | 498 |  |  | 1,011 |
Total undiscounted lease payments | 1,539 |  |  | 3,699 |  |  | 1,603 |  |  | 1,445 |
Less: Amount associated with discounting | 294 |  |  | 1,451 |  |  | 313 |  |  | 654 |
Total lease liabilities | $ | 1,245 |  |  | $ | 2,248 |  |  | $ | 1,290 |  |  | $ | 791 |
____________________ (a) The amounts as of June 30, 2020 are for the remaining six months of 2020.
Remaining minimum lease payments due under long-term finance leases | The remaining minimum lease payments due under our long-term leases were as follows (in millions):
| June 30, 2020 |  | December 31, 2019
| Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
2020 (a) | $ | 207 |  |  | $ | 85 |  |  | $ | 376 |  |  | $ | 88 |
2021 | 287 |  |  | 171 |  |  | 250 |  |  | 86 |
2022 | 214 |  |  | 173 |  |  | 194 |  |  | 87 |
2023 | 179 |  |  | 178 |  |  | 160 |  |  | 91 |
2024 | 142 |  |  | 170 |  |  | 125 |  |  | 82 |
Thereafter | 510 |  |  | 2,922 |  |  | 498 |  |  | 1,011 |
Total undiscounted lease payments | 1,539 |  |  | 3,699 |  |  | 1,603 |  |  | 1,445 |
Less: Amount associated with discounting | 294 |  |  | 1,451 |  |  | 313 |  |  | 654 |
Total lease liabilities | $ | 1,245 |  |  | $ | 2,248 |  |  | $ | 1,290 |  |  | $ | 791 |
____________________ (a) The amounts as of June 30, 2020 are for the remaining six months of 2020.

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