XML 71 R35.htm IDEA: XBRL DOCUMENT v3.22.4
Lease Liabilities
 12 Months Ended
Dec. 31, 2022
Lease liabilities [abstract]  
Lease Liabilities
27. LEASE LIABILITIES
20222021
Lease Liabilities, Beginning of Year2,9571,757
Acquisitions (Note 5)
—1,441
Additions25110
Interest Expense (Note 7)
163171
Lease Payments(465)(471)
Modifications8322
Re-measurements7(4)
Terminations(5)(1)
Transfers to Liabilities Related to Assets Held for Sale (Note 18)
—(10)
Exchange Rate Movements and Other71(58)
Lease Liabilities, End of Year2,8362,957
Less: Current Portion308272
Long-Term Portion2,5282,685
The Company has lease liabilities for contracts related to office space, transportation and storage assets, which includes barges, vessels, pipelines, caverns, railcars and storage tanks, commercial fuel assets and other refining and field equipment. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions.
The Company has variable lease payments related to property taxes for real estate contracts. Short-term leases are leases with terms of twelve months or less.
The Company includes extension options in the calculation of lease liabilities when the Company has the right to extend a lease term at its discretion and is reasonably certain to exercise the extension option. The Company does not have any significant termination options and the residual amounts are not material.