Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

10.

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following:

December 31, 2020	Gross Cost		Accumulated Depreciation			Net Cost
Land		86		—			86
Buildings		995		(567	)		428
Facilities & leasehold improvements		3,545		(3,038	)		507
Machinery and equipment		16,689		(13,859	)		2,830
Computer and R&D equipment		402		(347	)		55
Operating lease right-of-use assets		290		(99	)		191
Other tangible assets		118		(99	)		19
Construction in progress		480		—			480
Total		22,605		(18,009	)		4,596

December 31, 2019	Gross Cost		Accumulated Depreciation			Net Cost
Land		78		—			78
Buildings		905		(505	)		400
Facilities & leasehold improvements		3,193		(2,762	)		431
Machinery and equipment		15,336		(12,790	)		2,546
Computer and R&D equipment		382		(335	)		47
Operating lease right-of-use assets		266		(60	)		206
Other tangible assets		110		(93	)		17
Construction in progress		282		—			282
Total		20,552		(16,545	)		4,007

The line “Construction in progress” in the table above includes property, plant and equipment under construction and equipment under qualification before operating and not ready for their intended use.

The depreciation charge was $844 million, $785 million and $727 million in 2020, 2019 and 2018, respectively.

Tax incentives and capital investment funding, which reduced property, plant and equipment totaled $10 million, $54 million and $149 million for the years ended December 31, 2020, 2019 and 2018, respectively. Tax incentives and public funding reduced depreciation charges by $59 million, $53 million and $42 million in 2020, 2019 and 2018, respectively.

For the years ended December 31, 2020, 2019 and 2018 the Company sold property, plant and equipment for cash proceeds of $4 million, $7 million and $1 million, respectively.

There was no impairment recognized for the years ended December 31, 2020 and 2018. For the year ended December 31, 2019, the Company recorded impairment charges of $3 million on long-lived assets.