Marathon Petroleum Corp | 2013 | FY | 3


Property, Plant and Equipment
(In millions)
Estimated
Useful Lives
 
December 31,
2013
 
2012
Refining & Marketing
 4 - 25 years
 
$
16,982

 
$
15,089

Speedway
 4 - 15 years
 
2,344

 
2,100

Pipeline Transportation
 16 - 42 years
 
1,921

 
1,747

Corporate and Other
 4 - 40 years
 
546

 
473

Total
 
 
21,793

 
19,409

Less accumulated depreciation
 
 
7,872

 
6,766

Property, plant and equipment, net
 
 
$
13,921

 
$
12,643


Property, plant and equipment includes gross assets acquired under capital leases of $510 million and $417 million at December 31, 2013 and 2012, with related amounts in accumulated depreciation of $111 million and $79 million at December 31, 2013 and 2012. Property, plant and equipment includes construction in progress of $747 million and $520 million at December 31, 2013 and 2012, which primarily relates to refinery projects.

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