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Property and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
Schedule of property and equipment | Property and equipment, net consists of the following:
|  |  | December 31,
(In millions) | Estimated Useful Life (years) |  | 2022 |  | 2021
Land |  |  | $ | 9 |  |  | $ | 10 |
Buildings and improvements | 40 |  | 88 |  |  | 91 |
Machinery, equipment and other | 3-15 |  | 713 |  |  | 716 |
Product tooling | 3-5 |  | 72 |  |  | 66 |
Construction in progress |  |  | 52 |  |  | 47 |
Total property and equipment |  |  | 934 |  |  | 930 |
Accumulated depreciation and amortization |  |  | (570) |  |  | (542) |
Property and equipment, net |  |  | $ | 364 |  |  | $ | 388 |
Schedule of depreciation and amortization | Depreciation and product tooling amortization expenses are summarized as follows:
| Year Ended December 31,
(In millions) | 2022 |  | 2021 |  | 2020
Depreciation | $ | 83 |  |  | $ | 88 |  |  | $ | 83 |
Amortization | 7 |  |  | 6 |  |  | 7 |
| $ | 90 |  |  | $ | 94 |  |  | $ | 90 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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- Definition Tabular disclosure of depreciation and amortization expenses for property, plant and equipment and product toolings for the reporting periods. + References No definition available. + Details
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