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SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

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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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.

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Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

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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.

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