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PROPERTY, PLANT AND EQUIPMENT (Tables) | 9 Months Ended
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Sep. 30, 2022
Property, Plant and Equipment [Abstract] |
Summary of 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.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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