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Property, Plant, and Equipment, Net | 12 Months Ended
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Dec. 31, 2019
Property Plant And Equipment [Abstract] |
Property, Plant, and Equipment, Net | Note 13. Property, Plant, and Equipment, Net The following table sets forth the components of the Company’s property, plant, and equipment, net at December 31, 2019 and 2018.
|  | December 31, |
|  | 2019 |  |  | 2018 |
Equipment |  | $ | 7,595 |  |  | $ | 7,344 |
Buildings (1) |  |  | 1,174 |  |  |  | 914 |
Construction-in-progress |  |  | 493 |  |  |  | 579 |
Land |  |  | 115 |  |  |  | 119 |
Mineral rights |  |  | 36 |  |  |  | 36 |
Property, plant, and equipment |  |  | 9,413 |  |  |  | 8,992 |
Less: Accumulated depreciation |  |  | (5,854 | ) |  |  | (5,701 | )
Total property, plant, and equipment, net |  | $ | 3,559 |  |  | $ | 3,291 |
| (1) | At December 31, 2019, buildings includes $95 in connection with the financed portion of the Chemours Discovery Hub, which was considered a build-to-suit lease asset of $55 at December 31, 2018. Refer to note “Note 14 – Leases” for further details.
Property, plant, and equipment, net included gross assets under finance leases of $68 and $7 at December 31, 2019 and 2018, respectively. In the second quarter of 2019, a subsidiary of the Company renegotiated the terms of an existing Fluoroproducts supply contract with Changshu 3F Zhonghao New Chemical Materials Co., Ltd., a related party and equity method investee, to improve the long-term supply security and competitiveness relative to not-in-kind competition of its low global warming potential foam offering. The renegotiated supply contract resulted in the recognition of a finance lease asset and a corresponding finance lease liability, both of which amounted to $62. Interest expense capitalized as part of property, plant, and equipment, net amounted to $10, $17, and $9 for the years ended December 31, 2019, 2018, and 2017, respectively. Depreciation expense amounted to $304, $276, and $269 for the years ended December 31, 2019, 2018, and 2017, respectively.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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