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v3.23.3

Fixed Assets | 9 Months Ended
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Sep. 30, 2023
Property, Plant and Equipment [Abstract] |
Fixed Assets | 5. Fixed Assets Fixed assets consist of the following:
(Stated in millions) |
| Sept. 30, |  |  | Dec. 31, |
| 2023 |  |  | 2022 |
Property, plant & equipment | $ | 28,946 |  |  | $ | 28,386 |
Less: Accumulated depreciation |  | 22,071 |  |  |  | 21,779 |
| $ | 6,875 |  |  | $ | 6,607 |
Depreciation expense was as follows:
(Stated in millions) |
| 2023 |  |  | 2022 |
Third Quarter | $ | 365 |  |  | $ | 343 |
Nine Months | $ | 1,065 |  |  | $ | 1,021 |

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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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