Property, Plant and Equipment
|9 Months Ended|
Sep. 30, 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 was $91 million and $49 million in the three months ended September 30, 2017 and 2016, respectively, and $250 million and $105 million in the nine months ended September 30, 2017 and 2016, respectively.
We realized offsets to LNG terminal costs of $82 million and $68 million in the three months ended September 30, 2017 and 2016, respectively, and $252 million and $214 million in the nine months ended September 30, 2017 and 2016, respectively, that were related to the sale of commissioning cargoes because these amounts were earned or loaded prior to the start of commercial operations of the respective Train of the SPL Project, during the testing phase for its construction.
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