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

3 Months Ended

Mar. 31, 2023

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):

	March 31,		December 31,
	2023		2022
LNG terminal
Terminal and interconnecting pipeline facilities	$	33,867	$	33,815
Site and related costs	451		451
Construction-in-process	2,143		1,685
Accumulated depreciation	(5,263)		(4,985)
Total LNG terminal, net of accumulated depreciation	31,198		30,966
Fixed assets and other
Computer and office equipment	34		33
Furniture and fixtures	20		20
Computer software	122		121
Leasehold improvements	51		48
Land	1		1
Other	19		19
Accumulated depreciation	(196)		(191)
Total fixed assets and other, net of accumulated depreciation	51		51
Assets under finance leases
Marine assets	526		533
Accumulated depreciation	(28)		(22)
Total assets under finance lease, net of accumulated depreciation	498		511
Property, plant and equipment, net of accumulated depreciation	$	31,747	$	31,528

Schedule of Depreciation and Offsets to LNG Terminal Costs

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

	Three Months Ended March 31,
	2023		2022
Depreciation expense	$	296	$	270
Offsets to LNG terminal costs (1)	—		204

(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.