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Property, Plant, and Equipment | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
Property, Plant, and Equipment | Property, Plant, and Equipment Property, plant, and equipment were composed of the following:
| December 31
Millions of dollars | 2022 | 2021
Land | $ | 117 |  | $ | 120 |
Buildings and property improvements | 1,671 |  | 1,608 |
Machinery, equipment, and other | 14,220 |  | 14,040 |
Total | 16,008 |  | 15,768 |
Less accumulated depreciation | 11,660 |  | 11,442 |
Net property, plant, and equipment | $ | 4,348 |  | $ | 4,326 |
During the year ended December 31, 2022, we recorded $100 million of impairment charges on property, plant, and equipment primarily related to our exit from Russia. During the year ended December 31, 2021, no impairment charges were recorded on property, plant, and equipment. See Note 2 to the consolidated financial statements for further discussion on impairments and other charges. Classes of assets are depreciated over the following useful lives:
| Buildings and Property Improvements
| 2022 | 2021
1 - 10 years | 16% | 17%
11 - 20 years | 40% | 39%
21 - 30 years | 26% | 24%
31 - 40 years | 18% | 20%
| Machinery, Equipment, and Other
| 2022 | 2021
1 - 5 years | 49% | 49%
6 - 10 years | 41% | 41%
11 - 20 years | 10% | 10%

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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