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LEASES | 3 Months Ended
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Mar. 31, 2020
Leases [Abstract] |
LEASES | LEASES Balance sheet information related to our operating and finance leases as of March 31, 2020 and December 31, 2019 was as follows:
| Balance Sheet Location |  | March 31, 2020 |  | December 31, 2019
|  |  | (in millions) |  |
Right-of-Use Assets |  |  |  |  |
Operating lease, net | Other assets |  | $ | 46 |  |  | $ | 59 |
Finance lease, net | PP&E |  | — |  |  | 2 |
Total right-of-use assets |  |  | $ | 46 |  |  | $ | 61 |
Lease Liabilities |  |  |  |  |
Current |  |  |  |  |
Operating lease | Accrued liabilities |  | $ | 18 |  |  | $ | 27 |
Finance lease | Accrued liabilities |  | 1 |  |  | 1 |
Long-term |  |  |  |  |
Operating lease | Other long-term liabilities |  | 35 |  |  | 37 |
Finance lease | Other long-term liabilities |  | 1 |  |  | 1 |
Total lease liabilities |  |  | $ | 55 |  |  | $ | 66 |
Our operating lease assets and liabilities decreased from year end 2019 primarily due to releasing five of our leased drilling rigs as a result of the current economic environment. Our remaining two leased drilling rigs have been cold stacked and were included with our proved properties in our impairment assessment as discussed in Note 14 Asset Impairments. These right-of-use assets were determined to not be impaired as of March 31, 2020.
LEASES | LEASES Balance sheet information related to our operating and finance leases as of March 31, 2020 and December 31, 2019 was as follows:
| Balance Sheet Location |  | March 31, 2020 |  | December 31, 2019
|  |  | (in millions) |  |
Right-of-Use Assets |  |  |  |  |
Operating lease, net | Other assets |  | $ | 46 |  |  | $ | 59 |
Finance lease, net | PP&E |  | — |  |  | 2 |
Total right-of-use assets |  |  | $ | 46 |  |  | $ | 61 |
Lease Liabilities |  |  |  |  |
Current |  |  |  |  |
Operating lease | Accrued liabilities |  | $ | 18 |  |  | $ | 27 |
Finance lease | Accrued liabilities |  | 1 |  |  | 1 |
Long-term |  |  |  |  |
Operating lease | Other long-term liabilities |  | 35 |  |  | 37 |
Finance lease | Other long-term liabilities |  | 1 |  |  | 1 |
Total lease liabilities |  |  | $ | 55 |  |  | $ | 66 |
Our operating lease assets and liabilities decreased from year end 2019 primarily due to releasing five of our leased drilling rigs as a result of the current economic environment. Our remaining two leased drilling rigs have been cold stacked and were included with our proved properties in our impairment assessment as discussed in Note 14 Asset Impairments. These right-of-use assets were determined to not be impaired as of March 31, 2020.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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