Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

As of December 31, 2020 and 2019, property, plant and equipment, net consisted of the following (in millions):


	December 31,

	2020		2019
LNG terminal costs
LNG terminal and interconnecting pipeline facilities	$	27,475	$	27,305
LNG site and related costs	324		322
LNG terminal construction-in-process	5,378		3,903
Accumulated depreciation	(2,935)		(2,049)
Total LNG terminal costs, net	30,242		29,481
Fixed assets and other
Computer and office equipment	25		23
Furniture and fixtures	19		22
Computer software	117		110
Leasehold improvements	45		42
Land	59		59
Other	25		21
Accumulated depreciation	(164)		(141)
Total fixed assets and other, net	126		136
Assets under finance lease
Tug vessels	60		60
Accumulated depreciation	(7)		(4)
Total assets under finance lease, net	53		56
Property, plant and equipment, net	$	30,421	$	29,673

Schedule of Depreciation and Offsets to LNG Terminal Costs

The following table shows depreciation expense and offsets to LNG terminal costs during the years ended December 31, 2020 and 2019 (in millions):


	Year Ended December 31,
		2020		2019		2018
Depreciation expense		$	926	$	788	$	445
Offsets to LNG terminal costs (1)		19		301		140

(1) We realize offsets to LNG terminal costs related to the sale of commissioning cargoes because these amounts were earned or loaded prior to the start of commercial operations of the respective Trains of the Liquefaction Projects during the testing phase for its construction.

Property Plant and Equipment Estimated Useful Lives Table

The identifiable components of our LNG terminals have depreciable lives between 7 and 50 years, as follows:


Components						Useful life (yrs)
LNG storage tanks						50
Natural gas pipeline facilities						40
Marine berth, electrical, facility and roads						35
Water pipelines						30
Regasification processing equipment						30
Sendout pumps						20
Liquefaction processing equipment						7-50
Other						10-30