Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:

(In millions)		March 31, 2019
Operating Leases:	Balance Sheet Location:
ROU asset	Other noncurrent assets	$	247
Current portion of long-term lease liability	Other current liabilities	$	92
Long-term lease liability	Deferred credits and other liabilities	$	162

Lease Costs

The table below presents our net lease costs as of March 31, 2019 with the majority of operating lease costs expensed as incurred, while the majority of the short-term and variable term lease costs are capitalized into property, plant and equipment.

(In millions)	Three Months Ended March 31, 2019
Lease costs:
Operating lease costs(a)	$	21
Short-term lease costs(b)	81
Variable lease costs(c)	60
Total lease costs	$	162
Other information:
ROU assets obtained in exchange for new operating lease liabilities(d)	$	268

Operating Lease, Maturity

The remaining annual undiscounted cash flows associated with long-term leases and the reconciliation of these cash flows to the lease liabilities recognized on the consolidated balance sheet is summarized below.

(In millions)	Operating Lease Obligations
2019	$	80
2020	94
2021	57
2022	34
2023	4
Thereafter	1
Total undiscounted lease payments	$	270
Less: Amount representing interest	16
Total operating lease liabilities	$	254
Current portion of long-term lease liability as of March 31, 2019	$	92
Long-term lease liability as of March 31, 2019	$	162

Operating Lease, Undiscounted Cash Flows to be Received

The undiscounted cash flows to be received under this lease agreement are summarized below.

(In millions)	Operating Lease Future Cash Receipts
2019	$	5
2020	6
2021	6
2022	6
2023	6
Thereafter	66
Total undiscounted cash flows	$	95