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Property, Plant, and Equipment (Tables)
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Estimated Useful Life
Depreciation is computed using the straight–line method over the estimated useful life of the asset as follows:
Land improvements15 years
Building and building improvements
15 - 50 years
Leasehold improvementsShorter of expected useful life or lease term
Machinery, equipment and office furniture
3 - 15 years
The components of property, plant and equipment, net as of December 31 were as follows:
(in millions)20242023
Land and land improvements$41 $42 
Building and building improvements451 364 
Leasehold improvements182 172 
Machinery, equipment and office furniture729 714 
Property, plant and equipment, gross1,403 1,292 
Total accumulated depreciation(772)(737)
Property, plant and equipment, net$631 $555