Property, Plant and Equipment, Net of Accumulated Depreciation (Tables)

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net of Accumulated Depreciation

As of September 30, 2021 and December 31, 2020, property, plant and equipment, net of accumulated depreciation consisted of the following (in millions):

	September 30,		December 31,
	2021		2020
LNG terminal
LNG terminal and interconnecting pipeline facilities	$	30,617	$	27,475
LNG site and related costs	441		324
LNG terminal construction-in-process	2,817		5,378
Accumulated depreciation	(3,663)		(2,935)
Total LNG terminal, net of accumulated depreciation	30,212		30,242
Fixed assets and other
Computer and office equipment	27		25
Furniture and fixtures	20		19
Computer software	122		117
Leasehold improvements	45		45
Land	1		59
Other	21		25
Accumulated depreciation	(181)		(164)
Total fixed assets and other, net of accumulated depreciation	55		126
Assets under finance lease
Tug vessels	60		60
Accumulated depreciation	(9)		(7)
Total assets under finance lease, net of accumulated depreciation	51		53
Property, plant and equipment, net of accumulated depreciation	$	30,318	$	30,421

Schedule of Depreciation and Offsets to LNG Terminal Costs

The following table shows depreciation expense and offsets to LNG terminal costs during the three and nine months ended September 30, 2021 and 2020 (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Depreciation expense	$	257	$	231	$	749	$	694
Offsets to LNG terminal costs (1)	—		—		227		—

(1)We recognize 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.