Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 168

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 168
---
 HOLDINGS, L.P. AND SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The following table presents components of lease cost, including both amounts recognized in income and amounts capitalized (in millions):Year Ended December 31,Lease Cost202420232022Operating lease cost$80 $86 $91 Short-term lease cost16 15 18 Other (1) 17 8 15 Total lease cost$113 $109 $124 (1)Includes finance lease costs, variable lease costs and sublease income.The following table presents information related to cash flows arising from lease transactions (in millions):Year Ended December 31,202420232022Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows for operating leases$78 $81 $92 Operating cash flows for finance leases$8 $6 $6 Financing cash flows for finance leases$15 $11 $12 Non-cash change in lease liabilities arising from obtaining new right-of-use assets or modifications:Operating leases$98 $32 $43 Finance leases$25 $27 $2 Information related to the weighted-average remaining lease term and discount rate is presented in the table below:December 31,20242023Weighted-average remaining lease term (in years):Operating leases1413Finance leases78Weighted-average discount rate:Operating leases5.1 %4.9 %Finance leases10.6 %11.3 %

F-43

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

The following table presents the amount and location of our operating and finance lease right-of-use assets and liabilities on our Consolidated Balance Sheets (in millions):December 31,LeasesBalance Sheet Location20242023AssetsOperating lease right-of-use assetsLong-term operating lease right-of-use assets, net$332 $313 Finance lease right-of-use assets (1)Property and equipment$147 $144 Accumulated depreciation(46)(46)Property and equipment, net$101 $98 Total lease right-of-use assets$433 $411 LiabilitiesOperating lease liabilitiesCurrentOther current liabilities$63 $69 NoncurrentLong-term operating lease liabilities313 274 Total operating lease liabilities$376 $343 Finance lease liabilities (