Quarterly report [Sections 13 or 15(d)]

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

v3.26.1
Property, Plant and Equipment, Net of Accumulated Depreciation (Tables)
 6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net of Accumulated Depreciation
Property, plant and equipment, net of accumulated depreciation consisted of the following (in millions):
June 30, December 31,
2026 2025
Terminal and related assets
Terminal and interconnecting pipeline facilities $ 40,426  $ 38,422 
Land 905  745 
Construction-in-process 3,529  4,096 
Accumulated depreciation (9,102) (8,434)
Total terminal and related assets, net of accumulated depreciation 35,758  34,829 
Fixed assets and other assets
Fixed assets and other assets 265  260 
Accumulated depreciation (202) (195)
Total fixed assets and other assets, net of accumulated depreciation 63  65 
Assets under finance leases
Marine assets 1,605  1,060 
Accumulated depreciation (272) (199)
Total assets under finance leases, net of accumulated depreciation 1,333  861 
Property, plant and equipment, net of accumulated depreciation $ 37,154  $ 35,755 
Schedule Of Depreciation And Offsets To LNG Terminal Costs
The following table shows depreciation expense and offsets to terminal assets (in millions):
Three Months Ended June 30, Six Months Ended June 30,
2026 2025 2026 2025
Depreciation expense $ 378  $ 327  $ 749  $ 636 
Sales proceeds earned from commissioning sales of LNG offset to terminal assets (1) 31  7  78  55 
(1)We realize offsets to terminal assets for sales proceeds from commissioning volumes that were earned or loaded prior to the start of commercial operations of the respective Train during the testing phase for its construction.