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Property, Plant, and Equipment | 9 Months Ended
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Sep. 30, 2023
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, 2023 |  | December 31, 2022
Asset Type |  |  |
Land | $ | 191 |  |  | $ | 199 |
Buildings and improvements | 1,721 |  |  | 1,697 |
Machinery and equipment | 3,575 |  |  | 3,344 |
Information technology | 386 |  |  | 291 |
Construction in process | 495 |  |  | 649 |
Total Property, plant and equipment | 6,368 |  |  | 6,180 |
Accumulated depreciation | (2,242) |  |  | (1,977) |
Total property, plant and equipment, net | $ | 4,126 |  |  | $ | 4,203 |
Depreciation expense was $122 million and $111 million for the three months ended September 30, 2023 and 2022, respectively, and $342 million and $345 million for the nine months ended September 30, 2023 and 2022, respectively. Impairment of Property, Plant and Equipment As discussed in Note 1, during the second quarter of 2022, 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 operated primarily in Russia.

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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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