VALERO ENERGY CORP/TX | 2013 | FY | 3


8.
PROPERTY, PLANT, AND EQUIPMENT
Major classes of property, plant, and equipment, which include capital lease assets, consisted of the following (in millions):
 
 
December 31,
 
 
2013
 
2012
Land
 
$
404

 
$
802

Crude oil processing facilities
 
27,260

 
24,865

Pipeline and terminal facilities
 
1,513

 
1,471

Grain processing equipment
 
719

 
694

Retail facilities
 

 
1,480

Administrative buildings
 
800

 
734

Other
 
2,109

 
1,457

Construction in progress
 
1,128

 
2,629

Property, plant, and equipment, at cost
 
33,933

 
34,132

Accumulated depreciation
 
(8,226
)
 
(7,832
)
Property, plant, and equipment, net
 
$
25,707

 
$
26,300

We have miscellaneous assets under capital leases that primarily support our refining operations totaling $74 million and $83 million as of December 31, 2013 and 2012, respectively. Accumulated amortization on assets under capital leases was $35 million and $35 million, respectively, as of December 31, 2013 and 2012.
Depreciation expense for the years ended December 31, 2013, 2012, and 2011 was $1.2 billion, $1.1 billion, and $1.1 billion, respectively.

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