XML 33 R15.htm IDEA: XBRL DOCUMENT
v3.20.4

Property, Plant, and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2020
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT, AND EQUIPMENT | 7. PROPERTY, PLANT, AND EQUIPMENT Major classes of property, plant, and equipment, including assets held under finance leases, consisted of the following (in millions):
| December 31,
| 2020 |  | 2019
Land | $ | 485 |  |  | $ | 476 |
Crude oil processing facilities | 32,246 |  |  | 31,419 |
Transportation and terminaling facilities | 5,290 |  |  | 5,179 |
Rendered and recycled materials processing facilities | 631 |  |  | 628 |
Corn processing facilities | 1,212 |  |  | 1,201 |
Administrative buildings | 1,038 |  |  | 1,015 |
Finance lease ROU assets (see Note 6) | 1,902 |  |  | 944 |
Other | 1,764 |  |  | 1,701 |
Construction in progress | 2,399 |  |  | 1,731 |
Property, plant, and equipment, at cost | 46,967 |  |  | 44,294 |
Accumulated depreciation | (16,578) |  |  | (15,030) |
Property, plant, and equipment, net | $ | 30,389 |  |  | $ | 29,264 |
As described in Note 6, our finance lease ROU assets arise from leasing arrangements for the right to use various classes of underlying assets including (i) pipelines, terminals, and tanks, (ii) marine and rail transportation, and (iii) feedstock processing equipment. Accumulated amortization of finance lease ROU assets was $280 million and $155 million as of December 31, 2020 and 2019, respectively. Depreciation expense for the years ended December 31, 2020, 2019, and 2018 was $1.6 billion, $1.5 billion, and $1.4 billion, respectively.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration