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PROPERTY, PLANT AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET
4.

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following:

 

(in millions)

   December 31, 2019      December 31, 2018  

Land

   $ 244.6      $ 249.0  

Processing units, pipelines and equipment

     3,282.2        2,934.5  

Buildings and leasehold improvements

     48.0        47.9  

Computers, furniture and fixtures

     134.9        121.2  

Construction in progress

     304.0        320.1  
  

 

 

    

 

 

 
     4,013.7        3,672.7  

Less - Accumulated depreciation

     (845.1      (701.5
  

 

 

    

 

 

 

Total property, plant and equipment, net

   $ 3,168.6      $ 2,971.2  
  

 

 

    

 

 

 

Depreciation expense for the years ended December 31, 2019, 2018 and 2017 was $140.7 million, $133.1 million and $123.3 million, respectively. The Company capitalized $17.6 million and $9.3 million in interest during 2019 and 2018, respectively, in connection with construction in progress.

Torrance Land Sale

On August 1, 2019 and August 7, 2018, the Company closed on third-party sales of parcels of real property acquired as part of the Torrance refinery, but not part of the refinery itself. The sales resulted in a gain of approximately $33.1 million and $43.8 million in the third quarter of 2019 and 2018, respectively, included within (Gain) loss on sale of assets in the Consolidated Statements of Operations.