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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 dollarsSeptember 30, 2022December 31, 2021
Land$67 $84 
Buildings1,157 1,249 
Machinery and equipment7,742 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.