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Property, Plant and Equipment | 6 Months Ended
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Jun. 30, 2026
Property, Plant, and Equipment [Abstract] |
Property, Plant and Equipment | Property, Plant and Equipment The following table presents the components of property, plant and equipment, net and their estimated useful lives (in years):
| Estimated useful life |  | June 30, 2026 |  | December 31, 2025
Terminal and interconnected pipeline facilities(a) | 3-48 |  | $ | 34,943 |  |  | $ | 32,651 |
Construction in progress | N/A |  | 12,421 |  |  | 7,641 |
Advanced equipment and construction payments | N/A |  | 5,331 |  |  | 5,541 |
LNG tankers | 25 |  | 2,038 |  |  | 1,780 |
Other(b) | 2-35 |  | 724 |  |  | 711 |
Total property, plant and equipment at cost |  |  | 55,457 |  |  | 48,324 |
Accumulated depreciation |  |  | (2,241) |  |  | (1,736) |
Total property, plant and equipment, net |  |  | $ | 53,216 |  |  | $ | 46,588 |
____________ (a) In the third quarter of 2025, the Company became reasonably certain to exercise renewal options for certain land leases, which extended the remaining lease terms and the estimated useful lives of the related terminal assets. This resulted in a $90 million and $181 million reduction to depreciation expense, or $0.04 and $0.07 increase in basic and diluted earnings per share for the three and six months ended June 30, 2026, respectively. See Note 6 – Leases for further discussion. (b) Includes finance lease assets, buildings, and land, which does not depreciate. See Note 6 – Leases for further discussion. The following table presents depreciation expense recognized on the condensed consolidated statements of operations:
| Three months ended June 30, |  | Six months ended June 30, |  |
| 2026 |  | 2025 |  | 2026 |  | 2025 |  |
Depreciation expense | $ | 257 |  |  | $ | 263 |  |  | $ | 506 |  |  | $ | 477 |  |  |

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- Definition The entire disclosure for property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482130/360-10-45-13 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.CC) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480091/360-10-S99-2 Reference 7: 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 8: 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 9: 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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