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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of inventories

Inventories consisted of the following:

			December 31,
(in millions)			2021						2020
Finished goods			$	215					$	133
Raw materials			177						83
In-process inventories			20						16
Parts and supplies			72						66
Total inventories			$	484					$	298

Schedule of lives used in computing depreciation for depreciable assets and components of property, plant and equipment, net

The lives used in computing depreciation for significant asset classes are as follows:

Asset						Range of Useful Lives, in Years
Land and improvements						10 to 30
Buildings and improvements						1 to 30
Machinery and equipment						1 to 30
Furniture and fixtures						3 to 10
Right-of-use (“ROU”) finance leases						3 to 18
Other						5 to 30

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

			December 31,
(in millions)			2021						2020
Machinery and equipment			$	4,033					$	3,881
Buildings and improvements			88						88
ROU finance leases			81						80
Land and improvements			71						47
Furniture and fixtures			37						38
Construction in progress			142						100
Other			15						15
			4,467						4,249
Less: Accumulated depreciation			(2,194)						(2,009)
Total property, plant and equipment, net			$	2,273					$	2,240

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

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