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Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2019
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
(5) Property, Plant and Equipment

Property, plant and equipment consisted of the following:
(in millions)
June 30, 2019
 
December 31, 2018
Machinery and equipment
$
3,836

 
$
3,785

Construction in progress
73

 
102

Buildings and improvements
87

 
87

Land and improvements
45

 
43

Furniture and fixtures
33

 
33

ROU finance lease
27

 
—

Other
14

 
17

 
4,115

 
4,067

Less: Accumulated depreciation
1,739

 
1,637

Total property, plant and equipment, net
$
2,376

 
$
2,430



On May 21, 2019, a subsidiary of CVR Energy sold the crude oil storage terminal located in Cushing, Oklahoma and related assets (the “Terminal”). As part of this transaction the Company received cash consideration of $43 million for the Terminal and related crude oil inventories resulting in the recognition of a gain on sale of $9 million. The carrying value of the inventory sold as part of this transaction has been presented on a net basis, with the proceeds on sale, within the net cash used in investing section of the Condensed Consolidated Statements of Cash Flows.