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PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of property, plant and equipment

The major components of property, plant and equipment as of December 31, 2024 and 2023 consist of:

(in millions)						2024						2023
Land						$	69					$	74
Buildings and improvements						817						823
Machinery and equipment						2,071						2,053
Other equipment and leasehold improvements						362						355
Equipment on operating lease						97						84
Construction in progress						508						401
						3,924						3,790
Accumulated depreciation						(2,144)						(2,083)
						$	1,780					$	1,707

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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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