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Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Schedule of property, plant, and equipment

A summary of property, plant and equipment as of December 31, 2020 and 2019 is as follows:

						2020						2019
						(in millions)
Land and industrial buildings						$	3,428					$	3,279
Plant, machinery and equipment						9,268						8,621
Assets sold with buy-back commitment						2,640						2,649
Construction in progress						149						164
Other						810						793
Gross property, plant and equipment						16,295						15,506
Accumulated depreciation						(11,372)						(10,237)
Net property, plant and equipment						$	4,923					$	5,269

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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