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PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment by Property Type

The following table sets forth our property, plant and equipment by property type, as of the dates indicated:

						Estimated Useful Lives (Years)						December 31, 2023						December 31, 2022
												(Millions of dollars)
Gathering pipelines and related equipment						5 to 40						$	5,077					$	4,667
Processing and fractionation and related equipment						3 to 40						8,591						5,310
Storage and related equipment						3 to 54						3,330						906
Transmission pipelines and related equipment						5 to 87						18,551						11,327
General plant and other						2 to 60						1,002						806
Land						—						375						160
Construction work in process						—						1,528						1,839
Property, plant and equipment												38,454						25,015
Accumulated depreciation and amortization												(5,757)						(5,063)
Net property, plant and equipment												$	32,697					$	19,952

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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