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v3.22.4

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2022
Accounting Policies [Abstract] |
Property, Plant and Equipment | These assets are recorded at historical cost and are depreciated using the straight-line method of depreciation over the estimated useful lives as follows:
| Estimated Life
Buildings and improvements | 5 to 40 years
Machinery and equipment | 2 to 10 years
Furniture and fixtures | 3 to 7 years
Equipment held for lease or rental | 2 to 10 years
The components of total property, plant and equipment, net are as follows:
| December 31,
(in millions) | 2022 |  | 2021
Land, buildings and improvements | $ | 360 |  |  | $ | 370 |
Machinery and equipment | 896 |  |  | 933 |
Equipment held for lease or rental | 263 |  |  | 250 |
Furniture and fixtures | 124 |  |  | 127 |
Construction work in progress | 106 |  |  | 115 |
Other | 38 |  |  | 31 |
Total property, plant and equipment, gross | 1,787 |  |  | 1,826 |
Less accumulated depreciation | 1,157 |  |  | 1,182 |
Total property, plant and equipment, net | $ | 630 |  |  | $ | 644 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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