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PROPERTY, PLANT AND EQUIPMENT (Tables)
9 Months Ended
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 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.