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Leases (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Summary of right of use asset and lease liability balances for operating and finance leases
The following tables summarize the right-of-use (“ROU”) asset and lease liability balances for the Company’s operating and finance leases at March 31, 2023 and December 31, 2022:
March 31, 2023December 31, 2022
(in millions)Operating LeasesFinance LeasesOperating LeasesFinance Leases
ROU assets, net
Pipeline and storage$15 $19 $16 $20 
Railcars10 — 11 — 
Real estate and other16 14 13 15 
Lease liability
Pipelines and storage15 31 16 32 
Railcars10 — 11 — 
Real estate and other16 16 13 16 
Schedule of lease expense, lease terms, and discount rates For the three months ended March 31, 2023 and 2022, we recognized lease expense comprised of the following components:
Three Months Ended
March 31,
(in millions)20232022
Operating lease expense$4 $4 
Finance lease expense:
Amortization of ROU asset1 2 
Interest expense on lease liability1 1 
Short-term lease expense2 2 
The following outlines the remaining lease terms and discount rates used in the measurement of the Company’s ROU assets and lease liabilities:
March 31, 2023December 31, 2022
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Weighted-average remaining lease term4.0 years6.0 years4.1 years6.3 years
Weighted-average discount rate5.4 %9.1 %5.2 %9.0 %
Summary of remaining minimum lease payments for operating leases
The following summarizes the remaining minimum lease payments through maturity of the Company’s lease liabilities at March 31, 2023:
(in millions)Operating LeasesFinance Leases
Remainder of 2023$13 $8 
202413 10 
20258 10 
20266 10 
20273 10 
Thereafter3 13 
Total lease payments46 61 
Less: imputed interest(5)(14)
Total lease liability$41 $47 
Summary of remaining minimum lease payments for finance leases
The following summarizes the remaining minimum lease payments through maturity of the Company’s lease liabilities at March 31, 2023:
(in millions)Operating LeasesFinance Leases
Remainder of 2023$13 $8 
202413 10 
20258 10 
20266 10 
20273 10 
Thereafter3 13 
Total lease payments46 61 
Less: imputed interest(5)(14)
Total lease liability$41 $47