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Property, Plant and Equipment and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Property Plant And Equipment And Intangible Assets [Abstract]  
Property Plant and Equipment and Intangible Assets

Property, Plant and Equipment and Intangible Assets

 

 

 

December 31, 2023

 

 

December 31, 2022

 

 

Estimated Useful Lives (In Years)

Gathering systems

 

$

10,858.3

 

 

$

10,403.1

 

 

5 to 20

Processing and fractionation facilities

 

 

8,285.5

 

 

 

7,421.2

 

 

5 to 25

Terminaling and storage facilities

 

 

1,403.9

 

 

 

1,341.6

 

 

5 to 25

Transportation assets

 

 

3,294.0

 

 

 

2,919.3

 

 

10 to 50

Other property, plant and equipment

 

 

430.5

 

 

 

387.6

 

 

3 to 50

Land

 

 

185.0

 

 

 

163.3

 

 

Construction in progress

 

 

1,456.1

 

 

 

1,011.0

 

 

Finance lease right-of-use assets

 

 

351.9

 

 

 

266.1

 

 

5 to 14

Property, plant and equipment

 

 

26,265.2

 

 

 

23,913.2

 

 

 

Accumulated depreciation, amortization and impairment

 

 

(10,458.8

)

 

 

(9,698.6

)

 

 

Property, plant and equipment, net

 

$

15,806.4

 

 

$

14,214.6

 

 

 

 

 

 

 

 

 

 

 

Intangible assets

 

 

4,378.0

 

 

 

4,379.7

 

 

10 to 20

Accumulated amortization and impairment

 

 

(2,027.4

)

 

 

(1,645.1

)

 

 

Intangible assets, net

 

$

2,350.6

 

 

$

2,734.6

 

 

 

Schedule of Changes in Intangible Assets

The changes in our intangible assets are as follows:

 

 

 

December 31, 2023

 

 

December 31, 2022

 

Balance at beginning of period

 

$

2,734.6

 

 

$

1,094.8

 

Additions from Delaware Basin Acquisition

 

 

 

 

 

1,882.0

 

Amortization

 

 

(384.0

)

 

 

(242.2

)

Balance at end of period

 

$

2,350.6

 

 

$

2,734.6