Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.20.2
Property, Plant and Equipment
 9 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment PROPERTY, PLANT AND EQUIPMENT
 
As of September 30, 2020 and December 31, 2019, property, plant and equipment, net consisted of the following (in millions):
September 30, December 31,
2020 2019
LNG terminal costs    
LNG terminal and interconnecting pipeline facilities $ 27,435  $ 27,305 
LNG site and related costs 324  322 
LNG terminal construction-in-process 4,977  3,903 
Accumulated depreciation (2,716) (2,049)
Total LNG terminal costs, net 30,020  29,481 
Fixed assets and other    
Computer and office equipment 25  23 
Furniture and fixtures 19  22 
Computer software 115  110 
Leasehold improvements 47  42 
Land 59  59 
Other 24  21 
Accumulated depreciation (162) (141)
Total fixed assets and other, net 127  136 
Assets under finance lease
Tug vessels 60  60 
Accumulated depreciation (6) (4)
Total assets under finance lease, net 54  56 
Property, plant and equipment, net $ 30,201  $ 29,673 

The following table shows depreciation expense and offsets to LNG terminal costs during the three and nine months ended September 30, 2020 and 2019 (in millions):
Three Months Ended September 30, Nine Months Ended September 30,
2020 2019 2020 2019
Depreciation expense $ 231  $ 211  $ 694  $ 557 
Offsets to LNG terminal costs (1) —  99 —  301
(1)    We realize offsets to LNG terminal costs 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.