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PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, plant and equipment, net is stated at cost less accumulated depreciation and amortization, and consisted of:

			December 31,
(in millions)			2023						2022
Land, land use rights and buildings			$	1,319					$	1,213
Machinery and equipment			5,327						4,963
Finance lease assets			32						13
Construction in progress			671						529
Total property, plant and equipment, gross			7,349						6,718
Less: accumulated depreciation			3,816						3,531
Property, plant and equipment, net, excluding tooling			3,533						3,187
Tooling, net of amortization			250						239
Property, plant and equipment, net			$	3,783					$	3,426

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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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