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Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of assets and liabilities
The Company recognized a finance lease upon commencement of the Hidden Ridge Building lease in October 2019, the balances of which are as follows:
As of December 31,
TypeConsolidated Balance Sheet Location20202019
(in millions)
Assets:
Finance lease right-of-use assetOther property and equipment, net$528 $556 
Liabilities:
Finance lease liability, currentCurrent other liabilities$17 $16 
Finance lease liability, noncurrentNoncurrent other liabilities$539 $556 
Lease costs
The components of lease costs, including amounts recoverable from joint operating partners, are as follows:
Year Ended December 31,
20202019
(in millions)
Finance lease cost:
Amortization of right-of-use asset (a)$28 $7 
Interest on lease liability17 4 
Operating lease cost (b)151 200 
Short-term lease cost (c)23 33 
Variable lease cost (d)27 73 
Total lease cost$246 $317 
_____________________
(a)Represents straight-line rent cost associated with the Company's finance lease right-of-use asset.
(b)Represents straight-line rent cost associated with the Company's operating lease right-of-use assets.
(c)Represents costs associated with short-term leases (those with a contractual term of 12 months or less) that are not included in the consolidated balance sheets.
(d)Variable lease costs are primarily comprised of the non-lease service component of drilling rig commitments above the minimum required payments. Both the minimum required payments and the non-lease service component of the drilling rig commitments are capitalized as additions to oil and gas properties.
Payment schedule for operating lease obligation
Maturities of lease obligations are as follows:
As of December 31, 2020
OperatingFinance
(in millions)
2021$107 $33 
202263 34 
202326 35 
20248 35 
20255 36 
Thereafter14 564 
Total lease payments 223 737 
Less present value discount (13)(181)
Present value of lease liabilities$210 $556