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v3.23.3

Fixed Assets (Tables) | 9 Months Ended
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Sep. 30, 2023
Property, Plant and Equipment [Abstract] |
Summary of 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 |
Summary of Depreciation Expense | 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 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 + Details
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