Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.1
Property, Plant and Equipment, Net of Accumulated Depreciation (Tables)
 3 Months Ended
Mar. 31, 2022
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):
March 31, December 31,
2022 2021
LNG terminal    
LNG terminal and interconnecting pipeline facilities $ 33,138  $ 30,660 
LNG site and related costs 442  441 
LNG terminal construction-in-process 809  2,995 
Accumulated depreciation (4,176) (3,912)
Total LNG terminal, net of accumulated depreciation 30,213  30,184 
Fixed assets and other    
Computer and office equipment 26  25 
Furniture and fixtures 19  20 
Computer software 123  120 
Leasehold improvements 46  45 
Land 1  1 
Other 18  19 
Accumulated depreciation (181) (176)
Total fixed assets and other, net of accumulated depreciation 52  54 
Assets under finance lease
Tug vessels 60  60 
Accumulated depreciation (11) (10)
Total assets under finance lease, net of accumulated depreciation 49  50 
Property, plant and equipment, net of accumulated depreciation $ 30,314  $ 30,288 
Schedule of Depreciation and Offsets to LNG Terminal Costs
The following table shows depreciation expense and offsets to LNG terminal costs (in millions):
Three Months Ended March 31,
2022 2021
Depreciation expense $ 270  $ 234 
Offsets to LNG terminal costs (1) 204  191 
(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.