Sunoco LP
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
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14. Assets Under Operating Leases
- Assets Under Operating Leases
The balances of property and equipment that are being leased to third parties were as follows:
| December 31,2024 | December 31, 2023 (1) | |
|---|---|---|
| Land and improvements | $513 | $392 |
| Buildings, equipment and leasehold improvements | 556 | 774 |
| Pipelines | 217 | 3 |
| Product storage and related facilities | 283 | 135 |
| Other | 39 | 46 |
| Construction work-in-process | 64 | — |
| Total property and equipment | 1,672 | 1,350 |
| Less: Accumulated depreciation | (449) | (563) |
| Property and equipment, net | $1,223 | $787 |
(1)Certain components of property and equipment under operating leases were reclassified in the current year. The balances as of December 31, 2023 reflected above have been adjusted to conform to the current year presentation. These changes did not impact total property and equipment under operating leases.
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