Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Components of property and equipment, net

Property and equipment, net is stated at cost and consisted of the following (in millions):

	Estimated Useful Lives (Years)	December 31,
		2021		2020
Pipelines and related facilities (1) (2)	10 - 50	$	12,765	$	11,112
Storage, terminal and rail facilities (2)	10 - 50	5,100		6,042
Trucking equipment and other	2 - 15	502		524
Construction in progress	N/A	248		272
Office property and equipment	2 - 50	312		293
Land and other	N/A	330		342
Property and equipment, gross		19,257		18,585
Accumulated depreciation		(4,354)		(3,974)
Property and equipment, net		$	14,903	$	14,611

(1)We include rights-of-way, which are intangible assets, in our Pipelines and related facilities amounts within property and equipment.

(2)Useful lives changed to 10 to 50 years in 2021. See below for additional information.