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Note 4 - Property, Plant and Equipment, Net
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 4: PROPERTY, PLANT AND EQUIPMENT, NET

 

   

As of December 31,

 

(in millions)

 

2023

   

2022

 

Land

  $ 55     $ 51  

Buildings and building improvements

    137       134  

Machinery and equipment

    420       390  

Construction in progress

    27       29  

Property, plant and equipment, gross

    639       604  

Accumulated depreciation

    (470 )     (450 )

Property, plant and equipment, net

  $ 169     $ 154  

 

Depreciation expense was $26 million, $24 million and $26 million for the years ended December 31, 2023, 2022 and 2021, respectively.