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Property, Plant, and Equipment | 12 Months Ended
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Dec. 31, 2025
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment Disclosure | Property, Plant and Equipment Property, plant and equipment with associated accumulated depreciation is shown below:
|  | Estimated Useful Lives |  | December 31,
(In millions) |  | 2025 |  | 2024
Crude Oil and Products Logistics |  |  |  |  |  |
Pipelines |  | 15 - 50 years |  | $ | 6,908 |  |  | $ | 6,627 |
Refining logistics |  | 15 - 20 years |  | 1,990 |  |  | 1,867 |
Terminals |  | 15 - 40 years |  | 1,869 |  |  | 1,726 |
Marine |  | 15 - 20 years |  | 1,188 |  |  | 1,149 |
Land, building and other |  | 5 - 50 years |  | 1,627 |  |  | 1,619 |
Construction-in-progress |  |  |  | 227 |  |  | 201 |
Total Crude Oil and Products Logistics property, plant and equipment |  |  |  | 13,809 |  |  | 13,189 |
Natural Gas and NGL Services |  |  |  |  |  |
Gathering and transportation |  | 5 - 40 years |  | 9,379 |  |  | 7,789 |
Treating, processing and fractionation |  | 10 - 40 years |  | 6,896 |  |  | 6,611 |
Land, building and other |  | 5 - 40 years |  | 437 |  |  | 541 |
Construction-in-progress |  |  |  | 1,238 |  |  | 274 |
Total Natural Gas and NGL Services property, plant and equipment |  |  |  | 17,950 |  |  | 15,215 |
Total property, plant and equipment |  |  |  | 31,759 |  |  | 28,404 |
Less accumulated depreciation |  |  |  | 10,061 |  |  | 9,250 |
Property, plant and equipment, net |  |  |  | $ | 21,698 |  |  | $ | 19,154 |
We capitalize interest as part of the cost of major projects during the construction period. Capitalized interest totaled $42 million, $19 million and $15 million for the years ended December 31, 2025, 2024 and 2023, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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