Property, Plant and Equipment
|3 Months Ended|
Mar. 31, 2020
|Property, Plant and Equipment [Abstract]|
|Property, Plant and Equipment||PROPERTY, PLANT AND EQUIPMENT
As of March 31, 2020 and December 31, 2019, property, plant and equipment, net consisted of the following (in millions):
Depreciation expense was $232 million and $143 million during the three months ended March 31, 2020 and 2019, respectively.
We realized offsets to LNG terminal costs of $202 million during the three months ended March 31, 2019 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 Trains of the Liquefaction Projects, during the testing phase for its construction. We did not realize any offsets to LNG terminal costs during the three months ended March 31, 2020.
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://fasb.org/us-gaap/role/ref/legacyRef