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PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

The range of useful lives for the major components of the Company’s plant and equipment is as follows:            

Buildings and leasehold improvements			15 – 40 years
Machinery and equipment
Furnaces			4 – 15 years
Information systems			5 – 10 years
Equipment			5 – 20 years

Property, plant and equipment consist of the following (in millions):

			December 31,
			2022						2021
Land			$	166					$	219
Buildings and leasehold improvements			1,221						1,265
Machinery and equipment			5,220						5,343
Construction in progress			522						387
			7,129						7,214
Accumulated depreciation			(3,400)						(3,341)
Property, plant and equipment, net			$	3,729					$	3,873

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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