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Property, plant and equipment, net | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Property, plant and equipment, net | 7. Property, plant and equipment, net Property, plant and equipment, net at December 31 were:
in $ millions | 2023 | 2022
Mineral-bearing land | 4,847 | 5,055
Land and buildings | 5,991 | 5,851
Plant and machinery | 20,468 | 19,605
Construction in progress | 1,271 | 1,090
Finance lease right-of-use assets | 187 | 128
Total property, plant and equipment | 32,764 | 31,729
Less: accumulated depreciation, depletion, amortization and impairment | (14,923) | (13,961)
Total property, plant and equipment, net | 17,841 | 17,768
Depreciation, depletion and amortization expense related to property, plant and equipment was $1,494 million, $1,449 million and $1,433 million for the years ended December 31, 2023, 2022 and 2021, respectively. Depreciation, depletion and amortization expense includes amortization of right-of-use assets from finance leases. Potential impairment of property, plant and equipment is considered by applying a series of external and internal indicators including a limited number of climate change factors. An impairment charge of $30 million was recognized during the year ended December 31, 2023, principally relating to the write-down of property, plant and equipment in our Americas Materials Solutions segment.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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