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Property, Plant and Equipment, Net | 12 Months Ended
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Dec. 31, 2022
Property Plant And Equipment [Abstract] |
Property, Plant and Equipment, Net |
| 10. | PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment, net consisted of the following:
December 31, 2022 |  | Gross Amount |  |  | Accumulated Depreciation |  |  | Net Amount |
Land |  |  | 83 |  |  |  | — |  |  |  | 83 |
Buildings |  |  | 1,116 |  |  |  | (563 | ) |  |  | 553 |
Facilities & leasehold improvements |  |  | 3,877 |  |  |  | (2,895 | ) |  |  | 982 |
Machinery and equipment |  |  | 18,751 |  |  |  | (14,023 | ) |  |  | 4,728 |
Computer and R&D equipment |  |  | 398 |  |  |  | (319 | ) |  |  | 79 |
Operating lease right-of-use assets |  |  | 311 |  |  |  | (118 | ) |  |  | 193 |
Finance lease right-of-use assets |  |  | 57 |  |  |  | (2 | ) |  |  | 55 |
Other tangible assets |  |  | 169 |  |  |  | (95 | ) |  |  | 74 |
Construction in progress |  |  | 1,454 |  |  |  | — |  |  |  | 1,454 |
Total |  |  | 26,216 |  |  |  | (18,015 | ) |  |  | 8,201 |
December 31, 2021 |  | Gross Amount |  |  | Accumulated Depreciation |  |  | Net Amount |
Land |  |  | 84 |  |  |  | — |  |  |  | 84 |
Buildings |  |  | 951 |  |  |  | (562 | ) |  |  | 389 |
Facilities & leasehold improvements |  |  | 3,490 |  |  |  | (2,936 | ) |  |  | 554 |
Machinery and equipment |  |  | 17,085 |  |  |  | (13,786 | ) |  |  | 3,299 |
Computer and R&D equipment |  |  | 395 |  |  |  | (333 | ) |  |  | 62 |
Operating lease right-of-use assets |  |  | 314 |  |  |  | (114 | ) |  |  | 200 |
Other tangible assets |  |  | 147 |  |  |  | (97 | ) |  |  | 50 |
Construction in progress |  |  | 1,022 |  |  |  | — |  |  |  | 1,022 |
Total |  |  | 23,488 |  |  |  | (17,828 | ) |  |  | 5,660 |
The line “Construction in progress” in the table above includes property, plant and equipment under construction and equipment under qualification and not ready for their intended use. In 2022, the Company transferred from construction in progress to definitive long-lived assets, approximately $650 million corresponding to assets dedicated to its new 300mm fab in Agrate, Italy, where operations started in December 2022. The depreciation charge was $1,113 million, $952 million and $844 million in 2022, 2021 and 2020, respectively. Tax incentives and capital investment funding reported as a reduction of capital expenditures totaled $25 million, $13 million and $10 million for the years ended December 31, 2022, 2021 and 2020, respectively. Tax incentives and public funding reduced depreciation charges by $56 million, $61 million and $59 million in 2022, 2021 and 2020, respectively. Capital investment public funding is described in Note 7. Tax incentives related to capital expenditures is further described in Note 23. For the years ended December 31, 2022, 2021 and 2020, the Company sold property, plant and equipment for cash proceeds of $4 million, $2 million and $4 million, respectively. There was no significant impairment recognized for the years ended December 31, 2022, 2021 and 2020.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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