Property, Plant, and Equipment

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

(4) Property, Plant, and Equipment

Property, plant, and equipment consisted of the following:


(in millions)	March 31, 2024		December 31, 2023
Machinery and equipment	$	4,390	$	4,287
Buildings and improvements	124		124
ROU finance leases	81		81
Land and improvements	74		74
Furniture and fixtures	29		33
Construction in progress	131		193
Other	15		15




	4,844		4,807
Less: Accumulated depreciation and amortization	(2,634)		(2,586)
Total property, plant, and equipment, net	$	2,210	$	2,221

For the three months ended March 31, 2024 and 2023, depreciation and amortization expenses related to property, plant, and equipment were $56 million and $50 million, respectively, and capitalized interest was $1 million and $2 million, respectively.

During the three months ended March 31, 2024, the Company did not identify the existence of an impairment indicator for our long-lived asset groups as outlined under the FASB Accounting Standards Codification (“ASC”) Topic 360, Property, Plant, and Equipment.