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Property, Plant and Equipment, Net
3 Months Ended
Mar. 31, 2022
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):
March 31, 2022December 31, 2021
Land$80 $82 
Buildings and improvements636 678 
Machinery and equipment2,314 2,387 
3,030 3,147 
Less: Accumulated depreciation(1,886)(1,943)
$1,144 $1,204 

Depreciation expense was $49 million and $52 million for the three months ended March 31, 2022 and 2021, respectively.
During the quarter ended March 31, 2022, the Company took possession of a right of use operating lease asset with future obligations of approximately $64 million.