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Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [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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- 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
-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

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