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Leases
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases

9.

Leases

The following table outlines Ovintiv’s estimated future sublease income as at June 30, 2022. All subleases are classified as operating leases.

 

(undiscounted)

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

2026

 

 

Thereafter

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sublease Income

 

$

23

 

 

$

50

 

 

$

52

 

 

$

52

 

 

$

53

 

 

$

485

 

 

$

715

 

 

For the three and six months ended June 30, 2022, operating lease income was $12 million and $25 million, respectively (2021 - $14 million and $27 million, respectively), and variable lease income was $5 million and $10 million, respectively (2021 - $4 million and $9 million, respectively).