Property, Plant and Equipment
|3 Months Ended|
Mar. 31, 2019
|Property, Plant and Equipment [Abstract]|
|Property, Plant and Equipment||PROPERTY, PLANT AND EQUIPMENT
As of March 31, 2019 and December 31, 2018, property, plant and equipment, net consisted of the following (in millions):
Depreciation expense was $143 million and $108 million during the three months ended March 31, 2019 and 2018, respectively.
We realize offsets to LNG terminal costs for sales of commissioning cargoes that were earned or loaded prior to the start of commercial operations of the respective Train during the testing phase for its construction. We realized offsets to LNG terminal costs of $202 million in the three months ended March 31, 2019 for sales of commissioning cargoes from Train 5 of the SPL Project and Train 1 of the CCL Project. We did not realize any offsets to LNG terminal costs in the three months ended March 31, 2018.
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