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Property, Plant and Equipment, net (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

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

 

 

 

Estimated

 

December 31,

 

 

Useful Lives

 

2023

 

 

2022

 

Land

 

 

 

$

180

 

 

$

176

 

Buildings and improvements

 

5-35 Years

 

 

1,285

 

 

 

1,251

 

Operating equipment

 

2-20 Years

 

 

2,803

 

 

 

2,683

 

Rental equipment

 

2-15 Years

 

 

923

 

 

 

798

 

 

 

 

 

5,191

 

 

 

4,908

 

Less: Accumulated Depreciation

 

 

 

 

(3,326

)

 

 

(3,127

)

 

 

 

$

1,865

 

 

$

1,781