Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 148

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 148
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1)We include rights-of-way, which are intangible assets, within property and equipment. See Note 6 for a discussion of property and equipment.Intangible assets that have finite lives are tested for impairment when events or circumstances indicate that the carrying value may not be recoverable. We did not recognize any impairments of finite-lived intangible assets during the three years ended December 31, 2024.The majority of our finite-lived intangible assets are amortized under the declining balance method. Amortization expense for finite-lived intangible assets for the years ended December 31, 2024, 2023 and 2022 was $266 million, $308 million and $254 million, respectively. We estimate that our amortization expense related to finite-lived intangible assets for the next five years will be as follows (in millions):2025$255 2026$218 2027$194 2028$172 2029$154 

F-29

Table of ContentsIndex to Financial StatementsPLAINS GP HOLDINGS, L.P. AND SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Note 10—Debt

Debt consisted of the following (in millions):December 31,2024December 31,2023SHORT-TERM DEBTPAA commercial paper notes, bearing a weighted-average interest rate of 4.6% and 5.8%, respectively (1)$393 $433 Other15 13 Total short-term debt408 446 LONG-TERM DEBTPAA senior notes:3.60% senior notes due November 2024 (2)— 750 4.65% senior notes due October 2025 (3)1,000 1,000 4.50% senior notes due December 2026750 750 3.55% senior notes due December 20291,000 1,000 3.80% senior notes due September 2030750 750 5.70% senior notes due September 2034650 — 6.70% senior notes due May 2036250 250 6.65% senior notes due January 2037600 600 5.15% senior notes due June 2042499 499 4.30% senior notes due January 2043 348 348 4.70% senior notes due June 2044687 687 4.90%