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PROPERTY, PLANT AND EQUIPMENT
9 Months Ended
Sep. 30, 2024
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, 2024 and December 31, 2023:
Millions of dollarsSeptember 30, 2024December 31, 2023
Land$29 $29 
Buildings951 893 
Machinery and equipment6,700 6,571 
Accumulated depreciation(5,426)(5,259)
Property, plant and equipment, net $2,254 $2,234 
During the nine months ended September 30, 2024, we disposed of land, buildings, machinery and equipment with a net book value of $21 million, compared to $11 million in the same period of 2023. The net gain on the disposals was not material for the nine months ended September 30, 2024 and 2023, respectively.