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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Lease The components of lease cost for the years ended December 31, 2022, 2021 and 2020 were as follows (in millions):
202220212020
Operating Lease Cost (1)
$282 $295 $393 
Finance Lease Cost:
Amortization of Lease Assets
36 39 21 
Interest on Lease Liabilities
Variable Lease Cost71 63 91 
Short-Term Lease Cost425 257 194 
Total Lease Cost
$820 $661 $703 
(1)    Operating lease cost includes impairment expenses of $35 million in 2020.
Schedule of Outstanding Lease Assets And Lease Liabilities
The following table sets forth the amounts and classification of EOG's outstanding ROU assets and related lease liabilities at December 31, 2022 and 2021 and supplemental information for the years ended December 31, 2022 and 2021 (in millions, except lease terms and discount rates):
DescriptionLocation on Balance Sheet20222021
Assets
Operating Leases
Other Assets$846 $743 
Finance Leases
Property, Plant and Equipment, Net (1)
203 241 
Total
$1,049 $984 
Liabilities
Current
Operating Leases
Current Portion of Operating Lease Liabilities$296 $240 
Finance Leases
Current Portion of Long-Term Debt33 37 
Long-Term
Operating Leases
Other Liabilities584 558 
Finance Leases
Long-Term Debt182 213 
Total
$1,095 $1,048 
(1)    Finance lease assets are recorded net of accumulated amortization of $157 million and $119 million at December 31, 2022 and 2021, respectively.
Schedule of Weighted Average Remaining Lease Term And Discount Rate
20222021
Weighted Average Remaining Lease Term (in years):
Operating Leases4.95.3
Finance Leases6.57.0
Weighted Average Discount Rate:
Operating Leases3.4 %3.0 %
Finance Leases2.6 %2.6 %
Schedule of Cash Paid for Leases
Cash paid for leases for the years ended December 31, 2022, 2021 and 2020 was as follows (in millions):
202220212020
Repayment of Operating Lease Liabilities Associated with Operating Activities$199 $207 $223 
Repayment of Operating Lease Liabilities Associated with Investing Activities95 98 130 
Repayment of Finance Lease Liabilities35 37 19 
Schedule of Operating And Finance Non-Cancellable Leases Maturity
At December 31, 2022, the future minimum lease payments under non-cancellable leases were as follows (in millions):
Operating LeasesFinance Leases
2023$323 $37 
2024213 37 
2025106 36 
202680 30 
202770 30 
2028 and Beyond172 65 
Total Lease Payments
964 235 
Less: Discount to Present Value84 20 
Total Lease Liabilities
880 215 
Less: Current Portion of Lease Liabilities296 33 
Long-Term Lease Liabilities
$584 $182