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Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Summary of Property, Plant and Equipment

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

Asset						Range of Useful Lives, in Years
Land 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						2 to 18
Other						5 to 30

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

			December 31,
(in millions)			2024						2023
Machinery and equipment			$	4,403					$	4,287
Buildings and improvements			148						124
ROU finance leases			106						81
Land and improvements			74						74
Furniture and fixtures			32						33
Construction in progress			171						193
Other			16						15
			4,950						4,807
Less: Accumulated depreciation and amortization			(2,774)						(2,586)
Total property, plant and equipment, net			$	2,176					$	2,221

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- References

No definition available.

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

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