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Fixed Assets (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Fixed Assets, Net

Fixed assets, net, consisted of the following:

(dollars in millions)			Estimated Useful Lives						2023						2022
Land									$	743					$	744
Buildings and improvements			10-45 years						8,151						7,519
Machinery, tools, and equipment			3-20 years						18,904						17,479
Other, including assets under construction									3,594						3,374
Fixed assets, gross									31,392						29,116
Accumulated depreciation									(15,644)						(13,946)
Fixed assets, net									$	15,748					$	15,170

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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