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Property, Plant and Equipment (Notes)

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, plant and equipment, at cost, was as follows (in millions):



	2014			2013
Refining	$	6,994		$	6,546
TLLP	3,551			1,569
Retail	834			778
Corporate	254			230
Property, plant and equipment, at cost	11,633			9,123
Accumulated depreciation	(2,588		)	(2,248		)
Net property, plant and equipment	$	9,045		$	6,875

See discussion of impairments of long-lived assets in Note 12.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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