Properties, Plants and Equipment

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Properties, Plants and Equipment

Note 6—Properties, Plants and Equipment

Our investment in properties, plants and equipment (PP&E), with the associated accumulated depreciation, was:

	Millions of Dollars
	March 31 2020			December 31 2019
Land	$	19		19
Buildings and improvements	94			94
Pipelines and related assets*	1,447			1,424
Terminals and related assets*	761			741
Rail racks and related assets*	137			137
Processing and related assets*	1,047			1,041
Caverns and related assets*	585			585
Construction-in-progress	409			367
Gross PP&E	4,499			4,408
Accumulated depreciation	(1,089		)	(1,059	)
Net PP&E	$	3,410		3,349
*Assets for which we are the lessor.