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Property, Plant and Equipment, Net of Accumulated Depreciation | 3 Months Ended
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Mar. 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):
|  | March 31, |  | December 31,
|  | 2025 |  | 2024
Terminal and related assets |  |  |  |
Terminal and interconnecting pipeline facilities |  | $ | 35,478 |  |  | $ | 34,282 |
Land |  | 568 |  |  | 465 |
Construction-in-process |  | 4,880 |  |  | 5,486 |
Accumulated depreciation |  | (7,522) |  |  | (7,231) |
Total terminal and related assets, net of accumulated depreciation |  | 33,404 |  |  | 33,002 |
Fixed assets and other |  |  |  |
Computer and office equipment |  | 37 |  |  | 36 |
Furniture and fixtures |  | 32 |  |  | 31 |
Computer software |  | 123 |  |  | 122 |
Leasehold improvements |  | 49 |  |  | 47 |
Other |  | 23 |  |  | 24 |
Accumulated depreciation |  | (192) |  |  | (188) |
Total fixed assets and other, net of accumulated depreciation |  | 72 |  |  | 72 |
Assets under finance leases |  |  |  |
Marine assets |  | 824 |  |  | 587 |
Accumulated depreciation |  | (123) |  |  | (109) |
Total assets under finance leases, net of accumulated depreciation |  | 701 |  |  | 478 |
Property, plant and equipment, net of accumulated depreciation |  | $ | 34,177 |  |  | $ | 33,552 |
The following table shows depreciation expense and offsets to LNG terminal costs (in millions):
|  |  |  | Three Months Ended March 31, |  |
|  |  |  |  |  | 2025 |  | 2024 |  |
Depreciation expense |  |  |  |  |  | $ | 310 |  |  | $ | 300 |  |  |
Offsets to LNG terminal costs (1) |  |  |  |  |  | 48 |  |  | — |  |  |
(1)We recognize offsets to LNG terminal costs related to the sale of commissioning volumes 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.

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