PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment, at cost, consisted of the following:



	Estimated Useful Lives			December 31,
	Estimated Useful Lives			2013			2012
	(Years)			(Thousands of Dollars)
Land		—		$	129,731		$	133,341
Land and leasehold improvements	10	-	35	142,122			110,575
Buildings	15	-	40	133,531			120,499
Pipelines, storage and terminals	20	-	35	3,787,499			3,531,925
Rights-of-way	20	-	40	155,833			148,021
Construction in progress		—		152,121			243,498
Total				4,500,837			4,287,859
Less accumulated depreciation and amortization				(1,190,184		)	(1,049,399		)
Property, plant and equipment, net				$	3,310,653		$	3,238,460

Capitalized interest costs added to property, plant and equipment totaled $4.5 million, $7.7 million and $5.4 million for the years ended December 31, 2013, 2012 and 2011, respectively. Depreciation and amortization expense for property, plant and equipment totaled $168.8 million, $157.8 million and $157.2 million for the years ended December 31, 2013, 2012 and 2011, respectively, including depreciation expense included in “(Loss) income from discontinued operations, net of tax” on the consolidated statements of income.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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