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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Useful lives of property, plant and equipment

Property, plant and equipment, net consisted of the following:

(in millions)						December 31, 2020						December 31, 2019
Land						$	534.7					$	360.5
Processing units, pipelines and equipment						5,026.2						4,108.0
Buildings and leasehold improvements						127.0						64.6
Computers, furniture and fixtures						164.3						143.5
Construction in progress						199.2						312.2
						6,051.4						4,988.8
Less—Accumulated depreciation						(1,208.1)						(965.6)
Total property, plant and equipment, net						$	4,843.3					$	4,023.2

Property, Plant and Equipment, Useful Lives

Depreciation is computed using the straight-line method over the following estimated useful lives:

Process units and equipment			5-25 years
Pipeline and equipment			5-25 years
Buildings			25 years
Computers, furniture and fixtures			3-7 years
Leasehold improvements			20 years
Railcars			50 years

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- Definition

Property, Plant and Equipment, Useful Lives

+ References

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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