| |
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.
