PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT BY SEGMENT, AT COST (in millions)



	September 30, 2016			December 31, 2015
Gathering (a)	$	1,379		$	1,700
Processing	573			565
Terminalling and Transportation (b)	1,690			1,629
Property, Plant and Equipment, at Cost	3,642			3,894
Accumulated depreciation (a) (b)	(513		)	(427		)
Property, Plant and Equipment, Net	$	3,129		$	3,467


(a)	We recognized a decrease of $363 million to net property, plant and equipment as of January 1, 2016 as a result of the deconsolidation of RGS. See Note 4 for further discussion of the deconsolidation of RGS.


(b)	Property, plant and equipment transferred to the Partnership in the Alaska Storage and Terminalling Assets acquisition was recorded at historical costs. TLLP recorded property, plant and equipment of $77 million and $47 million as of September 30, 2016 and December 31, 2015, respectively, and accumulated depreciation of $30 million for both September 30, 2016 and December 31, 2015.