Property, Plant and Equipment
|3 Months Ended|
Mar. 31, 2017
|Property, Plant and Equipment [Abstract]|
|Property, Plant and Equipment||
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment, net consists of LNG terminal costs and fixed assets and other, as follows (in millions):
Depreciation expense during the three months ended March 31, 2017 and 2016 was $70 million and $24 million, respectively.
During the three months ended March 31, 2017 and 2016, we realized offsets to LNG terminal costs of $131 million and $14 million, respectively, that were related to the sale of commissioning cargoes because these amounts were earned prior to the start of commercial operations, during the testing phase for the construction of the SPL Project.
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
Reference 1: http://www.xbrl.org/2003/role/presentationRef