Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

5. Property, Plant and Equipment, net

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


	Estimated	December 31,
	Useful Lives	2022			2021
Information technology assets	1-7 Years	$	47		$	48
Operating equipment (1)	2-15 Years		141			129
Buildings and land (2)	5-35 Years		94			91
Construction in progress			4			3
Total property, plant and equipment			286			271
Less: accumulated depreciation			(167	)		(160	)
Property, plant and equipment, net		$	119		$	111

(1)

Includes finance ROU assets.

(2)

Land has an indefinite life

Depreciation expense was $17 million, $21 million and $24 million for the years ended December 31, 2022, 2021 and 2020, respectively.

For the year ended December 31, 2021, the Company 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.

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.