Properties, Plants and Equipment

9 Months Ended

Sep. 30, 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
	September 30 2020		December 31 2019
Land	$	19	19
Buildings and improvements	95		94
Pipelines and related assets*	1,522		1,424
Terminals and related assets*	840		741
Rail racks and related assets*	137		137
Processing and related assets*	1,058		1,041
Caverns and related assets*	742		585
Construction-in-progress	312		367
Gross PP&E	4,725		4,408
Accumulated depreciation	(1,150)		(1,059)
Net PP&E	$	3,575	3,349
*Assets for which we are the lessor.