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PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2019
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 7: PROPERTY AND EQUIPMENT

Property and equipment includes land, buildings and improvements, machinery and equipment, roads and other items.

Carrying Value of Property and Equipment and Estimated Service Lives

 

DOLLAR AMOUNTS IN MILLIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

RANGE OF LIVES

 

 

DECEMBER 31,

2019

 

 

DECEMBER 31,

2018

 

Property and equipment, at cost:

 

 

 

 

 

 

 

 

 

 

 

Land

 

N/A

 

 

$

87

 

 

$

87

 

Buildings and improvements

 

15-40

 

 

 

999

 

 

 

942

 

Machinery and equipment

 

5-25

 

 

 

3,425

 

 

 

3,240

 

Roads

 

10-35

 

 

 

742

 

 

 

785

 

Other

 

3-10

 

 

 

193

 

 

 

179

 

 

 

 

 

 

 

 

 

 

 

 

 

Total cost

 

 

 

 

 

5,446

 

 

 

5,233

 

Accumulated depreciation and amortization

 

 

 

 

 

(3,477

)

 

 

(3,376

)

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

 

 

 

$

1,969

 

 

$

1,857

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SERVICE LIVES AND DEPRECIATION

In general, additions are classified into components, each with its own estimated useful life as determined at the time of purchase.

Depreciation and amortization expense for property and equipment was:

$240 million in 2019,

$197 million in 2018 and

$206 million in 2017.