Properties, Plants and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Properties, Plants and Equipment

Note 9—Properties, Plants and Equipment

Our investment in PP&E, with the associated accumulated depreciation, at December 31 was:

	Estimated Useful Lives	Millions of Dollars
		2019			2018
Land		$	19		19
Buildings and improvements	3 to 30 years	94			89
Pipelines and related assets*	10 to 45 years	1,424			1,398
Terminals and related assets*	25 to 45 years	741			710
Rail racks and related assets*	33 years	137			137
Processing and related assets*	25 years	1,041			842
Caverns and related assets*	25 to 45 years	585			584
Construction-in-progress		367			216
Gross PP&E		4,408			3,995
Accumulated depreciation		(1,059		)	(943	)
Net PP&E		$	3,349		3,052

*Assets for which we are the lessor.