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Leases (Tables) | 9 Months Ended
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Sep. 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 September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use (ROU) assets | $ | 29 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 34 |
Interest on lease liabilities | 24 |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | 26 |
Operating lease cost | 39 |  |  | 39 |  |  | 16 |  |  | 4 |  |  | 2 |  |  | 7 |  |  | 1 |  |  | 108 |
Variable lease cost | 14 |  |  | 4 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 18 |
Short-term lease cost | 2 |  |  | 8 |  |  | — |  |  | 9 |  |  | — |  |  | — |  |  | — |  |  | 19 |
Sublease income | — |  |  | (2) |  |  | — |  |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (3) |
Total lease cost | $ | 108 |  |  | $ | 49 |  |  | $ | 17 |  |  | $ | 17 |  |  | $ | 4 |  |  | $ | 6 |  |  | $ | 1 |  |  | $ | 202 |
Three months ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of ROU assets | $ | 12 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 14 |
Interest on lease liabilities | 13 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13 |
Operating lease cost | 46 |  |  | 39 |  |  | 14 |  |  | 4 |  |  | 3 |  |  | 7 |  |  | 1 |  |  | 114 |
Variable lease cost | 20 |  |  | 4 |  |  | — |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | 26 |
Short-term lease cost | 1 |  |  | 13 |  |  | — |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  | 22 |
Sublease income | — |  |  | (8) |  |  | — |  |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (9) |
Total lease cost | $ | 92 |  |  | $ | 48 |  |  | $ | 14 |  |  | $ | 15 |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 1 |  |  | $ | 180 |
| Pipelines, Terminals, and Tanks |  | Transportation |  | Feedstock Processing Equipment |  | Energy and Gases |  | Real Estate |  | Other |  | Total
|  | Marine |  | Rail |  |  |  |  |
Nine months ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of ROU assets | $ | 79 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 9 |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 92 |
Interest on lease liabilities | 70 |  |  | — |  |  | — |  |  | 2 |  |  | 2 |  |  | — |  |  | — |  |  | 74 |
Operating lease cost | 123 |  |  | 115 |  |  | 46 |  |  | 12 |  |  | 6 |  |  | 19 |  |  | 3 |  |  | 324 |
Variable lease cost | 47 |  |  | 37 |  |  | 1 |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | 87 |
Short-term lease cost | 8 |  |  | 44 |  |  | — |  |  | 30 |  |  | — |  |  | — |  |  | — |  |  | 82 |
Sublease income | — |  |  | (10) |  |  | — |  |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (11) |
Total lease cost | $ | 327 |  |  | $ | 186 |  |  | $ | 48 |  |  | $ | 54 |  |  | $ | 11 |  |  | $ | 19 |  |  | $ | 3 |  |  | $ | 648 |
Nine months ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of ROU assets | $ | 32 |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 38 |
Interest on lease liabilities | 35 |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | — |  |  | — |  |  | 38 |
Operating lease cost | 140 |  |  | 107 |  |  | 38 |  |  | 16 |  |  | 7 |  |  | 21 |  |  | 3 |  |  | 332 |
Variable lease cost | 53 |  |  | 21 |  |  | — |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | 76 |
Short-term lease cost | 8 |  |  | 39 |  |  | — |  |  | 22 |  |  | — |  |  | — |  |  | — |  |  | 69 |
Sublease income | — |  |  | (24) |  |  | — |  |  | — |  |  | — |  |  | (3) |  |  | — |  |  | (27) |
Total lease cost | $ | 268 |  |  | $ | 143 |  |  | $ | 38 |  |  | $ | 44 |  |  | $ | 11 |  |  | $ | 19 |  |  | $ | 3 |  |  | $ | 526 |
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):
| September 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 | $ | — |  | $ | 2,208 |  | $ | — |  | $ | 790
Deferred charges and other assets, net | 1,234 |  | — |  | 1,329 |  | —
Total ROU assets, net | $ | 1,234 |  | $ | 2,208 |  | $ | 1,329 |  | $ | 790
Current lease liabilities reflected in the following balance sheet line items: |  |  |  |  |  |  |
Current portion of debt and finance lease obligations | $ | — |  | $ | 80 |  | $ | — |  | $ | 41
Accrued expenses | 301 |  | — |  | 331 |  | —
Noncurrent lease liabilities reflected in the following balance sheet line items: |  |  |  |  |  |  |
Debt and finance lease obligations, less current portion | — |  | 2,166 |  | — |  | 750
Other long-term liabilities | 904 |  | — |  | 959 |  | —
Total lease liabilities | $ | 1,205 |  | $ | 2,246 |  | $ | 1,290 |  | $ | 791
Other supplemental information |  |  |  |  |  |  |
Weighted-average remaining lease term | 7.6 years |  | 22.1 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):
| September 30, 2020 |  | December 31, 2019
| Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
2020 (a) | $ | 103 |  |  | $ | 45 |  |  | $ | 376 |  |  | $ | 88 |
2021 | 302 |  |  | 179 |  |  | 250 |  |  | 86 |
2022 | 223 |  |  | 174 |  |  | 194 |  |  | 87 |
2023 | 187 |  |  | 179 |  |  | 160 |  |  | 91 |
2024 | 150 |  |  | 170 |  |  | 125 |  |  | 82 |
Thereafter | 525 |  |  | 2,925 |  |  | 498 |  |  | 1,011 |
Total undiscounted lease payments | 1,490 |  |  | 3,672 |  |  | 1,603 |  |  | 1,445 |
Less: Amount associated with discounting | 285 |  |  | 1,426 |  |  | 313 |  |  | 654 |
Total lease liabilities | $ | 1,205 |  |  | $ | 2,246 |  |  | $ | 1,290 |  |  | $ | 791 |
____________________ (a) The amounts as of September 30, 2020 are for the remaining three 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):
| September 30, 2020 |  | December 31, 2019
| Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
2020 (a) | $ | 103 |  |  | $ | 45 |  |  | $ | 376 |  |  | $ | 88 |
2021 | 302 |  |  | 179 |  |  | 250 |  |  | 86 |
2022 | 223 |  |  | 174 |  |  | 194 |  |  | 87 |
2023 | 187 |  |  | 179 |  |  | 160 |  |  | 91 |
2024 | 150 |  |  | 170 |  |  | 125 |  |  | 82 |
Thereafter | 525 |  |  | 2,925 |  |  | 498 |  |  | 1,011 |
Total undiscounted lease payments | 1,490 |  |  | 3,672 |  |  | 1,603 |  |  | 1,445 |
Less: Amount associated with discounting | 285 |  |  | 1,426 |  |  | 313 |  |  | 654 |
Total lease liabilities | $ | 1,205 |  |  | $ | 2,246 |  |  | $ | 1,290 |  |  | $ | 791 |
____________________ (a) The amounts as of September 30, 2020 are for the remaining three months of 2020.

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