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PROPERTY, PLANT AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

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

			June 30, 2023			December 31, 2022
Land			$	168		$	166
Buildings and leasehold improvements			1,240			1,221
Machinery and equipment			5,373			5,220
Construction in progress			472			522
			7,253			7,129
Accumulated depreciation			(3,530)			(3,400)
Property, plant and equipment, net			$	3,723		$	3,729

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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
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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