XML 29 R14.htm IDEA: XBRL DOCUMENT

Fixed Assets

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

NOTE 8: FIXED ASSETS, NET

Fixed assets, net, consisted of the following:


(dollars in millions)	Estimated Useful Lives	2023		2022
Land		$	743	$	744
Buildings and improvements	10-45 years	8,151		7,519
Machinery, tools, and equipment	3-20 years	18,904		17,479
Other, including assets under construction		3,594		3,374
Fixed assets, gross		31,392		29,116
Accumulated depreciation		(15,644)		(13,946)
Fixed assets, net		$	15,748	$	15,170

Leasehold improvements are amortized over the lesser of the remaining lease term or the estimated useful life of the improvement.

Depreciation expense related to Fixed assets, net is recorded predominantly utilizing the straight-line method and was $1.8 billion in 2023, 2022, and 2021.