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

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net of Accumulated Depreciation

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

	December 31,
	2021		2020
LNG terminal
LNG terminal and interconnecting pipeline facilities	$	30,660	$	27,475
LNG site and related costs	441		324
LNG terminal construction-in-process	2,995		5,378
Accumulated depreciation	(3,912)		(2,935)
Total LNG terminal, net of accumulated depreciation	30,184		30,242
Fixed assets and other
Computer and office equipment	25		25
Furniture and fixtures	20		19
Computer software	120		117
Leasehold improvements	45		45
Land	1		59
Other	19		25
Accumulated depreciation	(176)		(164)
Total fixed assets and other, net of accumulated depreciation	54		126
Assets under finance lease
Tug vessels	60		60
Accumulated depreciation	(10)		(7)
Total assets under finance lease, net of accumulated depreciation	50		53
Property, plant and equipment, net of accumulated depreciation	$	30,288	$	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 years ended December 31, 2021, 2020 and 2019 (in millions):

	Year Ended December 31,
	2021		2020		2019
Depreciation expense	$	1,006	$	926	$	788
Offsets to LNG terminal costs (1)	319		19		301

(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.

Property Plant and Equipment Estimated Useful Lives Table

Our LNG terminals are depreciated using the straight-line depreciation method applied to groups of LNG terminal assets with varying useful lives. The identifiable components of our LNG terminals have depreciable lives between 6 and 50 years, as follows:

Components	Useful life (years)
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	6-50
Other	10-30