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Property, Plant and Equipment, net
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, net

5. Property, Plant and Equipment, net

Property, plant and equipment consist of (in millions):

 

 

 

Estimated

 

December 31,

 

 

 

Useful Lives

 

2022

 

 

2021

 

Land

 

 

 

$

176

 

 

$

174

 

Buildings and improvements

 

5-35 Years

 

 

1,251

 

 

 

1,309

 

Operating equipment

 

2-20 Years

 

 

2,683

 

 

 

2,678

 

Rental equipment

 

2-15 Years

 

 

798

 

 

 

794

 

 

 

 

 

 

4,908

 

 

 

4,955

 

Less: Accumulated Depreciation

 

 

 

 

(3,127

)

 

 

(3,132

)

 

 

 

 

$

1,781

 

 

$

1,823