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Property, Plant and Equipment | 6 Months Ended
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Jun. 30, 2021
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, 2021 |  | December 31, 2020
Machinery and equipment | $ | 3,916 |  |  | $ | 3,881 |
Buildings and improvements | 87 |  |  | 88 |
ROU finance leases | 81 |  |  | 80 |
Land and improvements | 48 |  |  | 47 |
Furniture and fixtures | 37 |  |  | 38 |
Construction in progress | 222 |  |  | 100 |
Other | 14 |  |  | 15 |
| 4,405 |  |  | 4,249 |
Less: Accumulated depreciation and amortization | 2,101 |  |  | 2,009 |
Total property, plant and equipment, net | $ | 2,304 |  |  | $ | 2,240 |
On February 1, 2021, the Company completed a pipeline acquisition for total consideration of $23 million, which is accounted for as a business combination under ASC 805. An intangible asset of $3 million was recognized in Other long-term assets related to acquired contracts that will be amortized in less than three years. The accounting for the business combination is preliminary, as the Company is finalizing working capital adjustments, and is expected to be finalized within 12 months of the acquisition date. As of June 30, 2021, the Company had not identified the existence of an impairment indicator for our long-lived asset groups as outlined under ASC 360.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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