| Property Plant and Equipment and Intangible Assets |
Property, Plant and Equipment and Intangible Assets
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December 31, 2024 |
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December 31, 2023 |
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Estimated Useful Lives (In Years) |
Gathering systems |
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$ |
11,575.0 |
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|
$ |
10,858.3 |
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5 to 20 |
Processing and fractionation facilities |
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9,543.3 |
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8,285.5 |
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5 to 25 |
Terminaling and storage facilities |
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1,469.1 |
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1,403.9 |
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5 to 25 |
Transportation assets |
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4,131.5 |
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3,294.0 |
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10 to 50 |
Other property, plant and equipment |
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537.7 |
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430.5 |
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3 to 50 |
Land |
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198.6 |
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185.0 |
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— |
Construction in progress |
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1,702.9 |
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1,456.1 |
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— |
Finance lease right-of-use assets |
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401.3 |
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351.9 |
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5 to 14 |
Property, plant and equipment |
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29,559.4 |
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26,265.2 |
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Accumulated depreciation, amortization and impairment |
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(11,496.7 |
) |
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(10,458.8 |
) |
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Property, plant and equipment, net |
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$ |
18,062.7 |
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$ |
15,806.4 |
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Intangible assets |
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4,378.0 |
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4,378.0 |
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10 to 20 |
Accumulated amortization and impairment |
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(2,400.6 |
) |
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(2,027.4 |
) |
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Intangible assets, net |
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$ |
1,977.4 |
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|
$ |
2,350.6 |
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| Schedule of Changes in Intangible Assets |
The changes in our intangible assets are as follows:
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December 31, 2024 |
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December 31, 2023 |
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Balance at beginning of period |
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$ |
2,350.6 |
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|
$ |
2,734.6 |
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Amortization |
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(373.2 |
) |
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(384.0 |
) |
Balance at end of period |
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$ |
1,977.4 |
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$ |
2,350.6 |
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