XML 60 R12.htm IDEA: XBRL DOCUMENT v3.24.0.1
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
(4) Property, Plant and Equipment

Property, plant, and equipment, net consisted of the following:
December 31,
(in millions)20232022
Machinery and equipment$4,287 $4,194 
Buildings and improvements124 86 
ROU finance leases81 79 
Land and improvements74 72 
Furniture and fixtures33 37 
Construction in progress193 143 
Other15 15 
4,807 4,626 
Less: Accumulated depreciation and amortization
(2,586)(2,379)
Total property, plant and equipment, net$2,221 $2,247 

Expenditures for routine maintenance and repair costs are expensed when incurred and are reported in Direct operating expenses (exclusive of depreciation and amortization) in the Company’s Consolidated Statements of Operations. For the years ended December 31, 2023, 2022, and 2021, depreciation and amortization expenses were $221 million, $221 million, and $206 million, respectively, and capitalized interest was $8 million, $5 million, and $7 million, respectively.

During the years ended December 31, 2023, 2022, and 2021, the Company had not identified the existence of an impairment indicator for our long-lived asset groups as outlined under the FASB ASC Topic 360, Property, Plant, and Equipment.