Property, Plant and Equipment

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

Property, plant and equipment consist of the following as of the dates indicated:


	Depreciable Life	September 30, 2019		December 31, 2018
Land	—	$	11	$	11
Building and improvements	10 - 40 years	40		39
Pipeline and equipment ⁽¹⁾	10 - 30 years	1,225		1,162
Other	5 - 25 years	19		18
		1,295		1,230
Accumulated depreciation and amortization ⁽²⁾		(603)		(567)
		692		663
Construction in progress		41		79
Property, plant and equipment, net		$	733	$	742

⁽¹⁾As of September 30, 2019 and December 31, 2018, includes cost of $369 million and $366 million, respectively, related to assets under operating lease (as lessor). As of both September 30, 2019 and December 31, 2018, includes cost of $23 million related to right-of-use (“ROU”) assets under finance lease (as lessee).

⁽²⁾ As of September 30, 2019 and December 31, 2018, includes accumulated depreciation of $131 million and $121 million, respectively, related to assets under operating lease (as lessor). As of September 30, 2019 and December 31, 2018, includes accumulated amortization of $6 million and $5 million, respectively, related to ROU assets under finance lease (as lessee).

Depreciation and amortization expense on property, plant and equipment for the three and nine months ended September 30, 2019 was $12 million and $36 million, respectively, and for the three and nine months ended September 30, 2018 was $11 million and $34 million, respectively, and is included in costs and expenses in the accompanying unaudited consolidated statements of income. Depreciation and amortization expense on property, plant and equipment includes amounts pertaining to assets under operating (as lessor) and finance leases (as lessee).