XML 31 R19.htm IDEA: XBRL DOCUMENT v3.25.0.1

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

9. Property, Plant and Equipment

(Dollars in millions)		December 31,
		2024				2023				Estimated life
Land and land improvements		$	127			$	136			n/a to 15
Buildings			1,038				1,065			20-40
Machinery and equipment			4,539				4,545			3-12
Construction in progress			629				548			n/a
Property, plant and equipment			6,334				6,294
Less accumulated depreciation			(4,095	)			(4,102	)
Net of depreciation		$	2,239			$	2,192

DEPRECIATION INCLUDED IN (Dollars in millions)		2024				2023				2022
Cost of sales		$	347			$	340			$	329
Selling, general and administrative expenses			13				12				11
Research, development and engineering expenses, net			26				24				20
Total		$	385			$	376			$	360

No significant fixed asset impairments related to the Company’s operations were recognized during 2024, 2023 or 2022.

The net book value of machinery and equipment and buildings and land under finance lease contracts recorded at December 31, 2024 and December 31, 2023 were immaterial. The amortization expense related to finance leases is included with depreciation expenses disclosed in the table above.

X

- References

No definition available.

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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/1943274/2147477798/958-360-50-6

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/1943274/2147477798/958-360-50-1

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/1943274/2147477798/958-360-50-7

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration