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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

Commitments And Contingencies [Abstract]

Minimum Future Payments, Commitments And Contingent Liabilities

Future payments for the Company’s commitments are below:


As at December 31, 2021	1 Year		2 Years		3 Years		4 Years		5 Years		Thereafter		Total
Transportation and Storage (1)		3,288		3,567		3,373		2,146		2,012		16,600		30,986

Real Estate (2)		44		43		52		54		57		658		908
Obligation to Fund Equity-Accounted Affiliate (3)		68		85		99		90		90		210		642

Other Long-Term Commitments		509		156		145		136		150		1,214		2,310
Total Payments (4)		3,909		3,851		3,669		2,426		2,309		18,682		34,846


As at December 31, 2020	1 Year		2 Years		3 Years		4 Years		5 Years		Thereafter		Total
Transportation and Storage (1)		1,014		954		1,341		1,444		1,107		15,537		21,397
Real Estate (2)		34		36		38		41		44		604		797
Other Long-Term Commitments		105		47		32		32		24		85		325
Total Payments (4)		1,153		1,037		1,411		1,517		1,175		16,226		22,519

(1) Includes transportation commitments of $8.1 billion (December 31, 2020 – $14.0 billion) that are subject to regulatory approval or have been approved, but are not yet in service. Terms are up to 20 years subsequent to the date of commencement.

(2) Relates to the non-lease components of lease liabilities consisting of operating costs and unreserved parking for office space. Excludes committed payments for which a provision has been provided.

(3) Relates to funding obligations to HCML.

(4) Commitments are reflected at Cenovus's proportionate share of the underlying contract.