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Property, Plant, and Equipment
9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment consisted of the following amounts:
(DOLLARS IN MILLIONS)September 30, 2022December 31, 2021
Asset Type
Land$202 $223 
Buildings and improvements1,704 1,764 
Machinery and equipment3,303 3,442 
Information technology297 271 
Construction in process527 461 
Total Property, Plant and Equipment6,033 6,161 
Accumulated depreciation(1,978)(1,793)
Total Property, Plant and Equipment, Net$4,055 $4,368 
Depreciation expense was $111 million and $102 million for the three months ended September 30, 2022 and 2021, respectively, and $345 million and $314 million for the nine months ended September 30, 2022 and 2021, respectively.
As discussed in Note 1, an impairment charge of approximately $28 million was recorded in connection with property, plant and equipment, primarily buildings and improvements, of an asset group that operates primarily in Russia.