SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF REGISTRANT CHENIERE ENERGY, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS—CONTINUED NOTE 3—GUARANTEES NOTE 4—LEASES Cheniere has various financial and performance guarantees and indemnifications which are issued in the normal course of business. These contracts include performance guarantees and stand-by letters of credit. Cheniere enters into these arrangements to facilitate commercial transactions with third parties by enhancing the value of the transaction to the third party. As of December 31, 2019, outstanding guarantees and other assurances aggregated approximately $542 million of varying duration, consisting of parental guarantees. No liabilities were recognized under these guarantee arrangements as of December 31, 2019. Our leased assets consist primarily of office space and facilities, which are classified as operating leases. The following table shows the classification and location of our right-of-use assets and lease liabilities on our Condensed Balance Sheets (in millions): The following table shows the classification and location of our lease cost on our Condensed Statements of Operations (in millions): (1) Includes $3 million of variable lease costs paid to the lessor. Future annual minimum lease payments for operating leases as of December 31, 2019 are as follows (in millions):  (1) Does not include $1 million of legally binding minimum lease payments for an office space lease which was executed as of December 31, 2019 but will commence in 2020 and has a fixed minimum lease terms of up to two years. 138 Condensed Balance Sheet Location December 31, 2019 Right-of-use assets—Operating Operating lease assets, net $ 24 Total right-of-use assets $ 24 Current operating lease liabilities Current operating lease liabilities $ 5 Non-current operating lease liabilities Non-current operating lease liabilities 33 Total lease liabilities $ 38 Condensed Statement of Operations Location Year Ended December 31, 2019 Operating lease cost (1) General and administrative expense $ 9 Years Ending December 31, Operating Leases (1) 2020 $ 7 2021 7 2022 7 2023 7 2024 7 Thereafter 12 Total lease payments 47 Less: Interest (9) Present value of lease liabilities $ 38