Property, Plant and Equipment

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Note 4. Property, Plant and Equipment

Property, plant and equipment consisted of the following:


	As of September 30, 2023		As of December 31, 2022
	(in millions)
Land and land improvements	$	370	$	378
Buildings and building improvements	3,313		3,250
Machinery and equipment	12,100		11,724
Construction in progress	990		879
	16,773		16,231
Accumulated depreciation	(7,631)		(7,211)
Property, plant and equipment, net	$	9,142	$	9,020

For the nine months ended September 30, 2023, capital expenditures of $780 million excluded $321 million of accrued capital expenditures remaining unpaid at September 30, 2023 and included payment for the $324 million of capital expenditures that were accrued and unpaid at December 31, 2022. For the nine months ended September 30, 2022, capital expenditures of $621 million excluded $255 million of accrued capital expenditures remaining unpaid at September 30, 2022 and included payment for the $249 million of capital expenditures that were accrued and unpaid at December 31, 2021.