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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2020
Accounting Policies [Abstract] |
Schedule of Intangible Assets | The Company uses the following useful lives for its definite-lived intangible assets:
Definite-lived Intangible Asset Type |  | Useful Life
Patents |  | Up to date patent expires
Tradenames and trademarks |  | Up to 20 years
Licensing agreements |  | Up to 20 years
Customer relationships |  | Up to 15 years
Technology know-how |  | Up to 10 years
Property, Plant and Equipment | Except for leasehold improvements, depreciation is computed by the straight-line method over the assets' estimated useful lives:
Property, Plant, and Equipment Assets Type |  | Useful Life
Buildings | 40 years
Machinery and Equipment | 4 to 15 years
Leasehold Improvements | Shorter of the estimated useful life or the term of the lease
Property, plant and equipment, net, were as follows:
|  | Year Ended December 31,
(in millions) |  | 2020 |  | 2019
Assets, at cost: |  |  |  |
Land |  | $ | 54 |  |  | $ | 52 |
Buildings and improvements |  | 595 |  |  | 554 |
Machinery and equipment |  | 1,414 |  |  | 1,327 |
Construction in progress |  | 120 |  |  | 102 |
|  | $ | 2,183 |  |  | $ | 2,035 |
Less: Accumulated depreciation |  | 1,392 |  |  | 1,233 |
Property, plant and equipment, net |  | $ | 791 |  |  | $ | 802 |
Schedule of Warranty Expense and Accrual | The Company’s warranty expense and warranty accrual were as follows:
|  | December 31,
(in millions) |  | 2020 |  | 2019 |  | 2018
Warranty Expense |  | $ | 29 |  |  | $ | 36 |  |  | $ | 24 |
Warranty Accrual |  | 18 |  |  | 18 |  |  | 13 |

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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 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 + Details
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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249 + Details
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