Annual report [Section 13 and 15(d), not S-K Item 405]

Property, Plant and Equipment, Net of Accumulated Depreciation

v3.25.4
Property, Plant and Equipment, Net of Accumulated Depreciation
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net of Accumulated Depreciation PROPERTY, PLANT AND EQUIPMENT, NET OF ACCUMULATED DEPRECIATION
 
Property, plant and equipment, net of accumulated depreciation consisted of the following (in millions):
Useful life December 31,
(years) 2025 2024
LNG terminal    
Terminal and interconnecting pipeline facilities
6 - 50
 $ 20,480  $ 20,292 
Construction-in-process 214  227 
Accumulated depreciation (5,502) (4,835)
Total LNG terminal, net of accumulated depreciation 15,192  15,684 
Fixed assets  
Fixed assets
3 - 10
 26  30 
Accumulated depreciation (21) (24)
Total fixed assets, net of accumulated depreciation 5  6 
Assets under finance leases
Tug vessels
9
 76  75 
Accumulated depreciation (14) (5)
Total assets under finance leases, net of accumulated depreciation 62  70 
Property, plant and equipment, net of accumulated depreciation $ 15,259  $ 15,760 

Depreciation expense was $683 million, $675 million and $667 million during the years ended December 31, 2025, 2024 and 2023, respectively.