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Property, Plant & Equipment - Net (Tables)

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property, Plant & Equipment - Net

Significant classes of property, plant and equipment are as follows:

(Millions of dollars) December 31,						Depreciable Lives (Yrs)						2020						2019
Production plants (primarily 15-year life) (a)						10-20						$	28,226					$	25,493
Storage tanks						15-20						4,461						4,295
Transportation equipment and other						3-15						2,978						2,809
Cylinders						10-30						4,491						4,184
Buildings						25-40						3,327						3,162
Land and improvements (b)						0-20						1,259						1,229
Construction in progress												3,257						3,146
												47,999						44,318
Less: accumulated depreciation												(19,288)						(15,254)
												$	28,711					$	29,064

(a) - Depreciable lives of production plants related to long-term customer supply contracts are generally consistent with the contract lives.

(b) - Land is not depreciated.

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- References

No definition available.

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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=120391452&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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