Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2
Property, Plant and Equipment, Net of Accumulated Depreciation (Tables)
 6 Months Ended
Jun. 30, 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):
June 30, December 31,
2022 2021
LNG terminal    
Terminal and interconnecting pipeline facilities $ 19,447  $ 16,973 
Construction-in-process 609  2,746 
Accumulated depreciation (3,199) (2,893)
Total LNG terminal, net of accumulated depreciation 16,857  16,826 
Fixed assets    
Fixed assets 30  29 
Accumulated depreciation (26) (25)
Total fixed assets, net of accumulated depreciation 4  4 
Property, plant and equipment, net of accumulated depreciation $ 16,861  $ 16,830 
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 June 30, Six Months Ended June 30,
2022 2021 2022 2021
Depreciation expense $ 155  $ 137  $ 307  $ 275 
Offsets to LNG terminal costs (1) —  —  148  — 
(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 Project during the testing phase for its construction.