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PROPERTY, PLANT & EQUIPMENT (Tables)

12 Months Ended

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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- 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
-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

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