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Property, Plant and Equipment | 3 Months Ended
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Mar. 31, 2021
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | PROPERTY, PLANT AND EQUIPMENT The following table summarizes our property, plant and equipment at March 31, 2021 and December 31, 2020:
Millions of dollars |  | March 31, 2021 |  | December 31, 2020
Land |  | $ | 91 |  |  | $ | 92 |
Buildings |  | 1,304 |  |  | 1,517 |
Machinery and equipment |  | 7,924 |  |  | 8,370 |
Accumulated depreciation |  | (6,534) |  |  | (6,780) |
Property, plant and equipment, net (1) |  | $ | 2,785 |  |  | $ | 3,199 |
(1)Net book value of $304 million of property, plant and equipment of Whirlpool China has been transferred to assets held for sale in the first quarter of 2021. For additional information, see Note 15 to the Consolidated Condensed Financial Statements. During the three months ended March 31, 2021, we disposed of buildings, machinery and equipment with a net book value of $6 million. The net gain on the disposals were not material.

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- 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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