Property, Plant and Equipment-Net (Tables)

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment, Net [Abstract]

Components of property, plant and equipment-net

Property, plant and equipment—net consists of the following:


	June 30, 2022		December 31, 2021
	(in millions)
Land	$	66	$	68
Machinery and equipment(1)	12,590		12,757
Buildings and improvements(1)	912		915
Construction in progress(1)	225		148
Property, plant and equipment(2)	13,793		13,888
Less: Accumulated depreciation and amortization	7,171		6,807
Property, plant and equipment—net	$	6,622	$	7,081

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(1)As of June 30, 2022, machinery and equipment, buildings and improvements, and construction in progress include cumulative impairment charges of $297 million, $7 million and $13 million, respectively, which include impairment charges related to our U.K. operations of $135 million recorded in the second quarter of 2022 and $182 million recorded in 2021. As of December 31, 2021, machinery and equipment, buildings and improvements, and construction in progress include cumulative impairment charges of $169 million, $5 million and $8 million, respectively, which were recorded in 2021.

(2)As of June 30, 2022 and December 31, 2021, we had property, plant and equipment that was accrued but unpaid of approximately $51 million and $35 million, respectively. As of June 30, 2021 and December 31, 2020, we had property, plant and equipment that was accrued but unpaid of approximately $76 million and $43 million, respectively.

Summary of plant turnaround activity


	Six months ended June 30,
	2022		2021
	(in millions)
Net capitalized turnaround costs:
Beginning balance	$	355	$	226
Additions	26		89
Depreciation	(70)		(51)
Impairment	(7)		—
Effect of exchange rate changes	(4)		1
Ending balance	$	300	$	265