XML 30 R10.htm IDEA: XBRL DOCUMENT
v3.22.2.2

PROPERTY, PLANT AND EQUIPMENT | 9 Months Ended
--- | ---
Sep. 30, 2022
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT | PROPERTY, PLANT AND EQUIPMENT The following table summarizes our property, plant and equipment at September 30, 2022 and December 31, 2021:
Millions of dollars |  | September 30, 2022 |  | December 31, 2021
Land |  | $ | 67 |  |  | $ | 84 |
Buildings |  | 1,157 |  |  | 1,249 |
Machinery and equipment |  | 7,742 |  |  | 8,091 |
Accumulated depreciation |  | (6,397) |  |  | (6,619) |
Property, plant and equipment, net (1) |  | $ | 2,569 |  |  | $ | 2,805 |
(1) Property, plant and equipment with a net book value of $141 million associated with our Russian business has been removed as part of the deconsolidation of the Russian operations. For additional information, see Note 15 to the Consolidated Condensed Financial Statements. During the nine months ended September 30, 2022, we disposed of land, buildings, machinery and equipment with a net book value of $21 million, compared to $10 million in the same period of 2021. The net gain on the disposals is $55 million for the nine months ended September 30, 2022 was primarily driven by a sale-leaseback transaction. The net gain on the disposals was not material for the same period of 2021. For additional information see Note 1 to the Consolidated Condensed Financial Statements.

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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://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 https://asc.fasb.org/extlink&oid=126982197&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 https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration