v3.25.4
Property, Plant and Equipment, net
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, net Property, Plant and Equipment, net
Components and useful lives of property, plant and equipment, net consisted of the following:
December 31,
2025		December 31,
2024
Land and improvements$2,081 $739 
Buildings, equipment and leasehold improvements (1 to 40 years)
4,695 1,315 
Pipelines (5 to 65 years)
3,747 3,553 
Product storage and related facilities (2 to 40 years)
1,400 891 
Right of way (20 to 65 years)
1,728 1,727 
Other (1 to 48 years)
727 403 
Construction work-in-process878 286 
Total property, plant and equipment15,256 8,914 
Less – Accumulated depreciation1,848 1,240 
Property, plant and equipment, net$13,408 $7,674 
Depreciation expense on property, plant and equipment was $638 million, $326 million and $139 million for the years ended December 31, 2025, 2024 and 2023, respectively.