Property, Plant and Equipment

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

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


	Depreciable Life	March 31, 2022		December 31, 2021
Land	—	$	12	$	12
Building and improvements	10 - 40 years	45		45
Pipeline and equipment (1)	10 - 30 years	1,238		1,240
Other	5 - 25 years	35		35
		1,330		1,332
Accumulated depreciation and amortization (2)		(702)		(690)
		628		642
Construction in progress		12		12
Property, plant and equipment, net		$	640	$	654

(1) As of both March 31, 2022 and December 31, 2021, includes costs of $366 million related to assets under operating leases (as lessor). As of both March 31, 2022 and December 31, 2021, includes cost of $23 million related to assets under capital lease (as lessee).

(2) As of March 31, 2022 and December 31, 2021, includes accumulated depreciation of $158 million and $155 million, respectively, related to assets under operating leases (as lessor). As of March 31, 2022 and December 31, 2021, includes accumulated amortization of $10 million and $9 million, respectively, related to assets under capital lease (as lessee).

Depreciation and amortization expense on property, plant and equipment for the three months ended March 31, 2022 and March 31, 2021 was $12 million and $13 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 both operating leases (as lessor) and capital leases (as lessee).