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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

8.  Property, Plant and Equipment, Net

Property, plant and equipment, net consists of the following:

December 31, 

    

Useful Life

    

2022

    

2021

(in years)

(in millions)

Land

$

331

$

332

Buildings and improvements

 

5 - 40

 

964

 

 

906

Machinery, equipment and furniture

 

1 - 30

 

6,034

 

 

5,814

Assets leased to others

 

3 - 39

 

321

 

 

315

Financing leases

 

1 - 10

 

106

 

 

109

Construction in progress

 

 

210

 

189

 

 

7,966

 

7,665

Less: Accumulated depreciation and amortization

 

 

(3,928)

 

(3,580)

Property, plant and equipment, net

$

4,038

$

4,085

Depreciation and amortization expense related to property, plant and equipment for the years ended December 31, 2022, 2021 and 2020 was $384 million, $383 million and $406 million, respectively.