Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment, Net of Accumulated Depreciation (Tables)

v3.21.2
Property, Plant and Equipment, Net of Accumulated Depreciation (Tables)
 9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net of Accumulated Depreciation
As of September 30, 2021 and December 31, 2020, property, plant and equipment, net of accumulated depreciation consisted of the following (in millions):
September 30, December 31,
2021 2020
LNG terminal    
LNG terminal and interconnecting pipeline facilities $ 30,617  $ 27,475 
LNG site and related costs 441  324 
LNG terminal construction-in-process 2,817  5,378 
Accumulated depreciation (3,663) (2,935)
Total LNG terminal, net of accumulated depreciation 30,212  30,242 
Fixed assets and other    
Computer and office equipment 27  25 
Furniture and fixtures 20  19 
Computer software 122  117 
Leasehold improvements 45  45 
Land 1  59 
Other 21  25 
Accumulated depreciation (181) (164)
Total fixed assets and other, net of accumulated depreciation 55  126 
Assets under finance lease
Tug vessels 60  60 
Accumulated depreciation (9) (7)
Total assets under finance lease, net of accumulated depreciation 51  53 
Property, plant and equipment, net of accumulated depreciation $ 30,318  $ 30,421 
Schedule of Depreciation and Offsets to LNG Terminal Costs
The following table shows depreciation expense and offsets to LNG terminal costs during the three and nine months ended September 30, 2021 and 2020 (in millions):
Three Months Ended September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Depreciation expense $ 257  $ 231  $ 749  $ 694 
Offsets to LNG terminal costs (1) —  —  227  — 
(1)We recognize 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.