Property, Plant and Equipment (Tables)
|3 Months Ended|
Mar. 31, 2021
|Property, Plant and Equipment [Abstract]|
|Property, Plant and Equipment||
As of March 31, 2021 and December 31, 2020, property, plant and equipment, net consisted of the following (in millions):
|Schedule of Depreciation and Offsets to LNG Terminal Costs||
The following table shows depreciation expense and offsets to LNG terminal costs during the three months ended March 31, 2021 and 2020 (in millions):
(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.
Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef