Property, Plant and Equipment

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

(4) Property, Plant and Equipment

Property, plant and equipment consisted of the following:


(in millions)	June 30, 2023		December 31, 2022
Machinery and equipment	$	4,249	$	4,194
Buildings and improvements	87		86
ROU finance leases	81		79
Land and improvements	73		72
Furniture and fixtures	38		37
Construction in progress	188		143
Other	15		15




	4,731		4,626
Less: Accumulated depreciation and amortization	(2,496)		(2,379)
Total property, plant and equipment, net	$	2,235	$	2,247

During the six months ended June 30, 2023, the Company did not identify the existence of an impairment indicator for our long-lived asset groups as outlined under the FASB ASC Topic 360, Property, Plant, and Equipment. Property, plant and equipment related depreciation and amortization expense was $55 million and $105 million for the three and six months ended June 30, 2023, respectively, and $56 million and $109 million for the three and six months ended June 30, 2022, respectively.