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

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net of Accumulated Depreciation

Property, plant and equipment, net of accumulated depreciation consisted of the following (in millions):

	December 31,
	2022		2021
LNG terminal
Terminal and interconnecting pipeline facilities	$	33,815	$	30,660
Site and related costs	451		441
Construction-in-process	1,685		2,995
Accumulated depreciation	(4,985)		(3,912)
Total LNG terminal, net of accumulated depreciation	30,966		30,184
Fixed assets and other
Computer and office equipment	33		25
Furniture and fixtures	20		20
Computer software	121		120
Leasehold improvements	48		45
Land	1		1
Other	19		19
Accumulated depreciation	(191)		(176)
Total fixed assets and other, net of accumulated depreciation	51		54
Assets under finance leases
Marine assets	533		60
Accumulated depreciation	(22)		(10)
Total assets under finance lease, net of accumulated depreciation	511		50
Property, plant and equipment, net of accumulated depreciation	$	31,528	$	30,288

Schedule of Depreciation and Offsets to LNG Terminal Costs

The following table shows depreciation expense and offsets to LNG terminal costs (in millions):

	Year Ended December 31,
	2022		2021		2020
Depreciation expense	$	1,113	$	1,006	$	926
Offsets to LNG terminal costs (1)	204		319		19

(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