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.
