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PROPERTY, PLANT AND EQUIPMENT (Tables)

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

The following table summarizes our property, plant and equipment at September 30, 2023 and December 31, 2022:

Millions of dollars						September 30, 2023						December 31, 2022
Land						$	30					$	32
Buildings						876						862
Machinery and equipment						6,435						6,016
Accumulated depreciation						(5,191)						(4,808)
Property, plant and equipment, net						$	2,150					$	2,102

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- References

No definition available.

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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
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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