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v3.26.1

Property, Plant and Equipment | 3 Months Ended
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Mar. 31, 2026
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Property, Plant and Equipment Property, plant and equipment with associated accumulated depreciation is shown below:
|  |  | March 31, 2026 |  | December 31, 2025
(In millions) |  |  | Gross PP&E |  | Accumulated Depreciation |  | Net PP&E |  | Gross PP&E |  | Accumulated Depreciation |  | Net PP&E
Crude Oil and Products Logistics |  |  | $ | 13,895 |  |  | $ | 5,185 |  |  | $ | 8,710 |  |  | $ | 13,809 |  |  | $ | 5,058 |  |  | $ | 8,751 |
Natural Gas and NGL Services |  |  | 18,457 |  |  | 5,175 |  |  | 13,282 |  |  | 17,950 |  |  | 5,003 |  |  | 12,947 |
Total |  |  | $ | 32,352 |  |  | $ | 10,360 |  |  | $ | 21,992 |  |  | $ | 31,759 |  |  | $ | 10,061 |  |  | $ | 21,698 |
Depreciation expense was $315 million and $295 million for the three months ended March 31, 2026 and March 31, 2025, 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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