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PROPERTY, PLANT & EQUIPMENT | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT & EQUIPMENT | PROPERTY, PLANT & EQUIPMENT The major classes of depreciable assets are as follows:
|  | December 31,
In millions |  | 2023 |  | 2022
Machinery and equipment |  | $ | 1,600 |  |  | $ | 1,474 |
Buildings and improvements |  | 838 |  |  | 783
Land and improvements |  | 100 |  |  | 100 |
Construction in progress |  | 137 |  |  | 122 |
Property, plant and equipment |  | 2,675 |  |  | 2,479 |
Less: accumulated depreciation |  | (1,190) |  |  | (1,050) |
Property, plant and equipment, net |  | $ | 1,485 |  |  | $ | 1,429 |
The estimated useful lives of property, plant and equipment are as follows:
|  | Years
Land improvements |  | 10 to 20
Building and improvements |  | 20 to 40
Machinery and equipment |  | 3 to 15
Depreciation expense was $204 million, $182 million, and $198 million for 2023, 2022 and 2021, respectively.

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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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