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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of lease costs and other lessee information
The following table presents components of lease cost, including both amounts recognized in income and amounts capitalized (in millions):

Year Ended December 31,
Lease Cost202220212020
Operating lease cost$91 $96 $111 
Short-term lease cost18 19 31 
Other (1) (2)
15 14 
Total lease cost$124 $129 $150 
(1)Includes finance lease costs, variable lease costs and sublease income.
(2)Includes approximately $8 million, $8 million, and $6 million for the years ended December 31, 2022, 2021 and 2020, respectively, associated with leased storage tanks owned by an equity method investee, in which we own a 50% interest.

The following table presents information related to cash flows arising from lease transactions (in millions):

Year Ended December 31,
202220212020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$92 $91 $108 
Operating cash flows for finance leases$$$
Financing cash flows for finance leases$12 $11 $19 
Non-cash change in lease liabilities arising from obtaining new right-of-use assets or modifications:
Operating leases$43 $94 $
Finance leases (1)
$$$32 
(1)Includes $25 million for the year ended December 31, 2020 associated with leased storage tanks owned by an equity method investee, in which we own a 50% interest.

Information related to the weighted-average remaining lease term and discount rate is presented in the table below:

December 31,
20222021
Weighted-average remaining lease term (in years):
Operating leases1211
Finance leases99
Weighted-average discount rate:
Operating leases4.3 %4.2 %
Finance leases12.3 %11.6 %
Schedule of assets and liabilities, lessee
The following table presents the amount and location of our operating and finance lease right-of-use assets and liabilities on our Consolidated Balance Sheets (in millions):

December 31,
LeasesBalance Sheet Location20222021
Assets
Operating lease right-of-use assetsLong-term operating lease right-of-use assets, net$349 $393 
Finance lease right-of-use assets (1)
Property and equipment$124 $136 
Accumulated depreciation(41)(37)
Property and equipment, net$83 $99 
Total lease right-of-use assets$432 $492 
Liabilities
Operating lease liabilities
CurrentOther current liabilities$71 $77 
NoncurrentLong-term operating lease liabilities308 339 
Total operating lease liabilities$379 $416 
Finance lease liabilities (1)
CurrentShort-term debt$10 $12 
NoncurrentOther long-term debt, net50 59 
Total finance lease liabilities$60 $71 
Total lease liabilities$439 $487 
(1)Includes right-of-use assets of $30 million and $33 million and lease liabilities of $35 million and $35 million as of December 31, 2022 and 2021, respectively, associated with leased storage tanks owned by an equity method investee, in which we own a 50% interest.
Schedule of finance lease maturity
The following table presents the maturity of undiscounted cash flows for future minimum lease payments under noncancelable leases as of December 31, 2022 reconciled to our lease liabilities on our Consolidated Balance Sheet (amounts in millions):

Operating
Finance (2)
Future minimum lease payments (1):
2023$83 $16 
202470 15 
202559 12 
202645 
202739 
Thereafter231 54 
Total527 110 
Less: Present value discount(148)(50)
Lease liabilities$379 $60 
(1)Excludes future minimum payments for short-term and other immaterial leases not included on our Consolidated Balance Sheet.
(2)Includes payments of approximately $6 million for each of the years ending 2023 through 2027 and approximately $51 million thereafter associated with leased storage tanks owned by an equity method investee, in which we own a 50% interest.
Schedule of operating lease maturity
The following table presents the maturity of undiscounted cash flows for future minimum lease payments under noncancelable leases as of December 31, 2022 reconciled to our lease liabilities on our Consolidated Balance Sheet (amounts in millions):

Operating
Finance (2)
Future minimum lease payments (1):
2023$83 $16 
202470 15 
202559 12 
202645 
202739 
Thereafter231 54 
Total527 110 
Less: Present value discount(148)(50)
Lease liabilities$379 $60 
(1)Excludes future minimum payments for short-term and other immaterial leases not included on our Consolidated Balance Sheet.
(2)Includes payments of approximately $6 million for each of the years ending 2023 through 2027 and approximately $51 million thereafter associated with leased storage tanks owned by an equity method investee, in which we own a 50% interest.
Schedule of lessor operating lease revenue
The following table presents our lease revenue for the periods indicated (in millions):

Year Ended December 31,
202220212020
Operating lease revenue (1)
$29 $28 $19 
(1)These amounts are included in “Services revenues” on our Consolidated Statements of Operations.
Schedule of lessor future revenues maturity The following table presents the undiscounted cash flows expected to be received related to these agreements (in millions):
20232024202520262027Thereafter
Future minimum lease revenue$35 $27 $25 $21 $18 $168