Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment, Net of Accumulated Depreciation

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Property, Plant and Equipment, Net of Accumulated Depreciation
 3 Months Ended
Mar. 31, 2026
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):
March 31, December 31,
2026 2025
LNG terminal    
Terminal and interconnecting pipeline facilities $ 20,490  $ 20,480 
Construction-in-process 222  214 
Accumulated depreciation (5,673) (5,502)
Total LNG terminal, net of accumulated depreciation 15,039  15,192 
Fixed assets  
Fixed assets 28  26 
Accumulated depreciation (21) (21)
Total fixed assets, net of accumulated depreciation 7  5 
Assets under finance leases
Tug vessels 76  76 
Accumulated depreciation (16) (14)
Total assets under finance leases, net of accumulated depreciation 60  62 
Property, plant and equipment, net of accumulated depreciation $ 15,106  $ 15,259 

Depreciation expense was $173 million and $170 million during the three months ended March 31, 2026 and 2025, respectively.