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PROPERTY, PLANT & EQUIPMENT (Tables) | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Summary of Major Classes of Depreciable Assets | 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

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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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