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Property, Plant and Equipment, Net | 6 Months Ended
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Jun. 30, 2020
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment, Net | Property, Plant and Equipment, Net Property, plant and equipment, net, is comprised of the following at the dates indicated (in millions):
| June 30, 2020 |  | December 31, 2019
Land | $ | 82 |  |  | $ | 86 |
Buildings and improvements | 644 |  |  | 641 |
Machinery and equipment | 2,176 |  |  | 2,151 |
| 2,902 |  |  | 2,878 |
Less: Accumulated depreciation | (1,784) |  |  | (1,723) |
| $ | 1,118 |  |  | $ | 1,155 |
Depreciation expense for continuing operations was $46 million and $41 million for the three months ended June 30, 2020 and 2019, respectively, and $94 million and $81 million for the six months ended June 30, 2020 and 2019, respectively. Depreciation expense for discontinued operations was nil for the three and six months ended June 30, 2019, as the Company ceased depreciating property, plant and equipment relating to businesses which satisfied the criteria to be classified as held for sale. During the first quarter of 2020, the Company concluded that a triggering event had occurred for all of its reporting units as a result of the COVID-19 pandemic. Pursuant to the authoritative accounting literature, the Company compared the sum of the undiscounted future cash flows attributable to the asset or group of assets (the lowest level for which identifiable cash flows are available) to their respective carrying amount. As a result of the impairment testing performed in connection with the triggering event, the Company recorded a non-cash fixed asset impairment charge of approximately $1 million during the six months ended June 30, 2020, in the Home Solutions segment associated with its Yankee Candle retail store business. The impairment charge was calculated by subtracting the estimated fair value of the asset group from its carrying value. See Footnote 1 for further information.

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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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