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Leases (Tables) | 12 Months Ended
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Dec. 31, 2020
19. Leases |
Lessee, Operating Lease and additional information |
As at |  |  | December 31 |  | December 31
millions of Canadian dollars | Classification |  | 2020 |  | 2019
Right-of-use asset | Other long-term assets | $ | 61 | $ | 64
Lease liabilities |  |  |  |  |
Current | Other current liabilities |  | 3 |  | 5
Long-term | Other long-term liabilities |  | 60 |  | 61
Total lease liabilities |  | $ | 63 | $ | 66
Additional information related to Emera's leases is as follows:
|  | Year ended December
For the |  | 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows for operating leases (millions of Canadian dollars) | $ | 7 | $ | 7
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |
Operating leases (millions of Canadian dollars) | $ | 7 | $ | 16
Weighted average remaining lease term (years) |  | 43 |  | 39
Weighted average discount rate- operating leases |  | 3.96% |  | 4.07%
Future minimum lease payments under non-cancellable operating leases |
Future minimum lease payments under non-cancellable operating leases for each of the next five years and in aggregate thereafter are as follows:
millions of Canadian dollars | 2021 | 2022 | 2023 | 2024 | 2025 |  | Thereafter |  | Total
Minimum lease payments | $ | 6 | $ | 6 | $ | 6 | $ | 5 | $ | 4 | $ | 112 | $ | 139
Less imputed interest |  | - |  | - |  | - |  | - |  | - |  | - |  | (76)
Total | $ | 6 | $ | 6 | $ | 6 | $ | 5 | $ | 4 | $ | 112 | $ | 63
Net Investment in direct finance leases |
As at | December 31 | December 31
millions of Canadian dollars |  | 2020 |  | 2019
Total minimum lease payment to be received |  | 1,018 | $ | 1,066
Less: amounts representing estimated executory costs |  | (179) |  | (189)
Minimum lease payments receivable |  | 839 | $ | 877
Estimated residual value of leased property (unguaranteed) |  | 183 |  | 183
Less: unearned finance lease income |  | (487) |  | (532)
Net investment in direct finance and sales-type leases |  | 535 | $ | 528
Principal due within one year (included in "Receivables and other current assets") |  | 18 |  | 17
Net investment in sales-type leases - long-term (included in "Other long-term assets") |  | 42 |  | 38
Net Investment in direct finance leases - long-term |  | 475 | $ | 473
Future minimum lease payments to be received for the next five years |
As at December 31, 2020, future minimum lease payments to be received for each of the next five years and in aggregate thereafter are as follows:
millions of Canadian dollars | 2021 | 2022 | 2023 | 2024 | 2025 | Thereafter | Total
Minimum lease payments to be received | $ | 78 | $ | 77 | $ | 76 | $ | 77 | $ | 79 | $ | 631 | $ | 1,018
Less: executory costs |  |  |  |  |  |  |  |  |  |  |  |  |  | (179)
Minimum lease payments receivable | $ | 78 | $ | 77 | $ | 76 | $ | 77 | $ | 79 | $ | 631 | $ | 839

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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