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Leases (Tables) | 12 Months Ended
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Dec. 31, 2021
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 |  |  |  |  |
Year ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of ROU assets | $ | 137 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 19 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 5 |  |  | $ | 167 |
Interest on lease liabilities | 66 |  |  | — |  |  | 1 |  |  | 3 |  |  | 2 |  |  | — |  |  | — |  |  | 72 |
Operating lease cost | 163 |  |  | 105 |  |  | 64 |  |  | 12 |  |  | 8 |  |  | 26 |  |  | 3 |  |  | 381 |
Variable lease cost | 51 |  |  | 21 |  |  | — |  |  | 2 |  |  | — |  |  | 2 |  |  | 3 |  |  | 79 |
Short-term lease cost | 5 |  |  | 44 |  |  | 1 |  |  | 46 |  |  | — |  |  | — |  |  | — |  |  | 96 |
Sublease income | — |  |  | (4) |  |  | — |  |  | — |  |  | — |  |  | (3) |  |  | — |  |  | (7) |
Total lease cost | $ | 422 |  |  | $ | 166 |  |  | $ | 68 |  |  | $ | 82 |  |  | $ | 14 |  |  | $ | 25 |  |  | $ | 11 |  |  | $ | 788 |
Year ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of ROU assets | $ | 109 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 13 |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | 128 |
Interest on lease liabilities | 92 |  |  | — |  |  | — |  |  | 3 |  |  | 3 |  |  | — |  |  | — |  |  | 98 |
Operating lease cost | 165 |  |  | 156 |  |  | 61 |  |  | 15 |  |  | 7 |  |  | 26 |  |  | 4 |  |  | 434 |
Variable lease cost | 53 |  |  | 40 |  |  | 1 |  |  | 3 |  |  | — |  |  | 2 |  |  | — |  |  | 99 |
Short-term lease cost | 9 |  |  | 45 |  |  | — |  |  | 37 |  |  | — |  |  | — |  |  | — |  |  | 91 |
Sublease income | — |  |  | (10) |  |  | — |  |  | — |  |  | — |  |  | (2) |  |  | — |  |  | (12) |
Total lease cost | $ | 428 |  |  | $ | 231 |  |  | $ | 64 |  |  | $ | 71 |  |  | $ | 14 |  |  | $ | 26 |  |  | $ | 4 |  |  | $ | 838 |
Year ended December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of ROU assets | $ | 44 |  |  | $ | — |  |  | $ | — |  |  | $ | 7 |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 54 |
Interest on lease liabilities | 47 |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | — |  |  | — |  |  | 50 |
Operating lease cost | 182 |  |  | 145 |  |  | 52 |  |  | 20 |  |  | 9 |  |  | 27 |  |  | 4 |  |  | 439 |
Variable lease cost | 66 |  |  | 35 |  |  | — |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | 103 |
Short-term lease cost | 9 |  |  | 53 |  |  | — |  |  | 29 |  |  | — |  |  | — |  |  | — |  |  | 91 |
Sublease income | — |  |  | (27) |  |  | — |  |  | — |  |  | — |  |  | (3) |  |  | — |  |  | (30) |
Total lease cost | $ | 348 |  |  | $ | 206 |  |  | $ | 52 |  |  | $ | 58 |  |  | $ | 14 |  |  | $ | 25 |  |  | $ | 4 |  |  | $ | 707 |
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):
| December 31, 2021 |  | December 31, 2020
| 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 | $ | — |  | $ | 1,846 |  | $ | — |  | $ | 1,622
Deferred charges and other assets, net | 1,284 |  | — |  | 1,204 |  | —
Total ROU assets, net | $ | 1,284 |  | $ | 1,846 |  | $ | 1,204 |  | $ | 1,622
Current lease liabilities reflected in the following balance sheet line items: |  |  |  |  |  |  |
Current portion of debt and finance lease obligations | $ | — |  | $ | 154 |  | $ | — |  | $ | 120
Accrued expenses | 315 |  | — |  | 285 |  | —
Noncurrent lease liabilities reflected in the following balance sheet line items: |  |  |  |  |  |  |
Debt and finance lease obligations, less current portion | — |  | 1,766 |  | — |  | 1,544
Other long-term liabilities | 940 |  | — |  | 885 |  | —
Total lease liabilities | $ | 1,255 |  | $ | 1,920 |  | $ | 1,170 |  | $ | 1,664
Other supplemental information |  |  |  |  |  |  |
Weighted-average remaining lease term | 7.1 years |  | 14.3 years |  | 7.6 years |  | 14.5 years
Weighted-average discount rate | 4.2 | % |  | 4.0 | % |  | 4.7 | % |  | 4.1 | %
Remaining minimum lease payments due under long-term operating leases | As of December 31, 2021, the remaining minimum lease payments due under our long-term leases were as follows (in millions):
| Operating Leases |  | Finance Leases |  |  |  |
2022 | $ | 351 |  |  | $ | 228 |  |  |  |  |
2023 | 280 |  |  | 230 |  |  |  |  |
2024 | 207 |  |  | 214 |  |  |  |  |
2025 | 142 |  |  | 213 |  |  |  |  |
2026 | 111 |  |  | 190 |  |  |  |  |
Thereafter | 417 |  |  | 1,629 |  |  |  |  |
Total undiscounted lease payments | 1,508 |  |  | 2,704 |  |  |  |  |
Less: Amount associated with discounting | 253 |  |  | 784 |  |  |  |  |
Total lease liabilities | $ | 1,255 |  |  | $ | 1,920 |  |  |  |  |
Remaining minimum lease payments due under long-term finance leases | As of December 31, 2021, the remaining minimum lease payments due under our long-term leases were as follows (in millions):
| Operating Leases |  | Finance Leases |  |  |  |
2022 | $ | 351 |  |  | $ | 228 |  |  |  |  |
2023 | 280 |  |  | 230 |  |  |  |  |
2024 | 207 |  |  | 214 |  |  |  |  |
2025 | 142 |  |  | 213 |  |  |  |  |
2026 | 111 |  |  | 190 |  |  |  |  |
Thereafter | 417 |  |  | 1,629 |  |  |  |  |
Total undiscounted lease payments | 1,508 |  |  | 2,704 |  |  |  |  |
Less: Amount associated with discounting | 253 |  |  | 784 |  |  |  |  |
Total lease liabilities | $ | 1,255 |  |  | $ | 1,920 |  |  |  |  |

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