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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6. Property and Equipment, net
- Property and Equipment, net
Components and useful lives of property and equipment, net consisted of the following:
| December 31,2024 | December 31, 2023 (1) | |
|---|---|---|
| Land and improvements | $739 | $669 |
| Buildings, equipment and leasehold improvements (1 to 45 years) | 1,315 | 1,257 |
| Pipelines (5 to 83 years) | 3,553 | 199 |
| Product storage and related facilities (2 to 83 years) | 891 | 403 |
| Right of way (20 to 83 years) | 1,727 | — |
| Other (1 to 48 years) | 403 | 344 |
| Construction work-in-process | 286 | 98 |
| Total property and equipment | 8,914 | 2,970 |
| Less – Accumulated depreciation | 1,240 | 1,134 |
| Property and equipment, net | $7,674 | $1,836 |
(1)Certain components of property and equipment 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.
Depreciation expense on property and equipment was $326 million, $139 million and $141 million for the years ended December 31, 2024, 2023 and 2022, respectively.
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