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PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of 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)						Dec. 31, 2024						Dec. 31, 2023
												(Millions of dollars)
Gathering pipelines and related equipment						5 to 40						$	11,643					$	5,077
Processing and fractionation and related equipment						3 to 40						12,406						8,591
Storage and related equipment						5 to 54						3,684						3,330
Transmission pipelines and related equipment						5 to 87						21,315						18,551
General plant and other						2 to 60						1,316						1,002
Land						—						592						375
Construction work in process						—						1,318						1,528
Property, plant and equipment												52,274						38,454
Accumulated depreciation and amortization												(6,339)						(5,757)
Net property, plant and equipment												$	45,935					$	32,697

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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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