Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

5. Property, Plant and Equipment, net

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


	Estimated	December 31,
	Useful Lives	2021			2020
Information technology assets	1-7 Years	$	48		$	49
Operating equipment (1)	2-15 Years		129			101
Buildings and land (2)	5-35 Years		91			102
Construction in progress			3			1
Total property, plant and equipment			271			253
Less: accumulated depreciation			(160	)		(155	)
Property, plant and equipment, net		$	111		$	98

(1)

Includes finance ROU assets.

(2)

Land has an indefinite life

Depreciation expense was $21 million, $24 million and $22 million for the years ended December 31, 2021, 2020 and 2019, respectively.

For the year ended December 31, 2021, the Company continued to rationalize its real estate footprint and sold certain facilities resulting in a net gain of approximately $3 million offset by an impairment of approximately $2 million related to the held-for-sale facilities in the U.S. reporting segment. These amounts were included in impairment and other charges in the consolidated statements of operations. As of December 31, 2021, the remaining held-for-sale properties were less than $1 million and were included in prepaid and other current assets in the consolidated balance sheets.

For the year ended December 31, 2020, as the result of the recoverability testing of its long-lived assets, the Company recognized $4 million of impairment relating to property, plant and equipment, net in the International reporting segment. These charges were included in impairment and other charges in the consolidated statements of operations.