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Property, Plant and Equipment-Net | 3 Months Ended
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Mar. 31, 2023
Property, Plant and Equipment, Net [Abstract] |
Property, Plant and Equipment-Net | Property, plant and equipment—net consists of the following:
| March 31, 2023 |  | December 31, 2022
| (in millions)
Land | $ | 113 |  |  | $ | 113 |
Machinery and equipment | 12,672 |  |  | 12,633 |
Buildings and improvements | 920 |  |  | 914 |
Construction in progress | 226 |  |  | 203 |
Property, plant and equipment(1) | 13,931 |  |  | 13,863 |
Less: Accumulated depreciation and amortization | 7,637 |  |  | 7,426 |
Property, plant and equipment—net | $ | 6,294 |  |  | $ | 6,437 |
_______________________________________________________________________________ (1)As of March 31, 2023 and December 31, 2022, we had property, plant and equipment that was accrued but unpaid of approximately $45 million and $53 million, respectively. As of March 31, 2022 and December 31, 2021, we had property, plant and equipment that was accrued but unpaid of approximately $22 million and $35 million, respectively. Depreciation and amortization related to property, plant and equipment was $204 million and $205 million for the three months ended March 31, 2023 and 2022, respectively. Plant turnarounds—Scheduled inspections, replacements and overhauls of plant machinery and equipment at our continuous process manufacturing facilities during a full plant shutdown are referred to as plant turnarounds. The expenditures related to turnarounds are capitalized in property, plant and equipment when incurred. Scheduled replacements and overhauls of plant machinery and equipment during a plant turnaround include the dismantling, repair or replacement and installation of various components including piping, valves, motors, turbines, pumps, compressors and heat exchangers and the replacement of catalysts when a full plant shutdown occurs. Scheduled inspections, including required safety inspections which entail the disassembly of various components such as steam boilers, pressure vessels and other equipment requiring safety certifications, are also conducted during full plant shutdowns. Internal employee costs and overhead amounts are not considered turnaround costs and are not capitalized. The following is a summary of capitalized plant turnaround costs:
| Three months ended March 31,
| 2023 |  | 2022
| (in millions)
Net capitalized turnaround costs as of January 1 | $ | 312 |  |  | $ | 355 |
Additions | 7 |  |  | 5 |
Depreciation | (31) |  |  | (36) |
Effect of exchange rate changes | — |  |  | (1) |
Net capitalized turnaround costs as of March 31 | $ | 288 |  |  | $ | 323 |

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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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