Property, Plant and Equipment, net

3 Months Ended

Mar. 31, 2021

Property Plant And Equipment [Abstract]

3. Property, Plant and Equipment, net

Property, plant and equipment consist of (in millions):

	Estimated Useful Lives	March 31, 2021			December 31, 2020
Information technology assets	1-7 Years	$	49		$	49
Operating equipment⁽¹⁾	2-15 Years		99			101
Buildings and land⁽²⁾	5-35 Years		93			102
Construction in progress			1			1
Total property, plant and equipment			242			253
Less: accumulated depreciation			(153	)		(155	)
Property, plant and equipment, net		$	89		$	98

⁽¹⁾

Includes finance lease right-of-use assets.

⁽²⁾

Land has an indefinite life.

As of March 31, 2021, the Company reclassified $3 million of property, plant and equipment in the U.S. segment as held-for-sale which was included in prepaid and other current assets in the consolidated balance sheets. The Company recognized a $4 million impairment charge relating to held-for-sale assets and operating right-of-use assets for the three months ended March 31, 2021 which was included in impairment charges in the consolidated statements of operations.