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Property, Plant and Equipment (Tables) | 6 Months Ended
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Jun. 30, 2024
Property, Plant and Equipment [Abstract] |
Components of Property, Plant and Equipment | Property, plant and equipment, at cost, is as follows:
|  | Estimated useful lives |  | June 30, 2024 |  |  | December 31, 2023 |
(in millions, except for number of years) |  |  |  |  |  |  |  |
Gathering assets |  |  |  |  |  |  |  |
Pipelines |  | 22 years |  | $ | 1,740.8 |  |  | $ | 1,703.7 |
Compressors, pumping stations and terminals |  | 22 to 25 years |  |  | 1,091.1 |  |  |  | 1,026.4 |
Gas plant assets |  |  |  |  |  |  |  |
Pipelines, pipes and valves |  | 22 to 25 years |  |  | 460.0 |  |  |  | 460.0 |
Equipment |  | 12 to 30 years |  |  | 428.2 |  |  |  | 428.2 |
Processing and fractionation facilities |  | 25 years |  |  | 432.4 |  |  |  | 424.7 |
Buildings |  | 35 years |  |  | 182.3 |  |  |  | 182.3 |
Logistics facilities and railcars |  | 20 to 25 years |  |  | 409.2 |  |  |  | 409.2 |
Storage facilities |  | 20 to 25 years |  |  | 19.9 |  |  |  | 19.9 |
Other |  | 20 to 25 years |  |  | 28.2 |  |  |  | 28.0 |
Construction-in-progress |  | N/A |  |  | 134.6 |  |  |  | 136.3 |
Total property, plant and equipment, at cost |  |  |  |  | 4,926.7 |  |  |  | 4,818.7 |
Accumulated depreciation |  |  |  |  | (1,689.4 | ) |  |  | (1,589.5 | )
Property, plant and equipment, net |  |  |  | $ | 3,237.3 |  |  | $ | 3,229.2 |

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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 + Details
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