PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of June 30, 2022 and December 31, 2021 consisted of the following (in millions):

	2022		2021
Vehicles	$	10,181	$	10,018
Aircraft	22,507		21,973
Land	2,106		2,140
Buildings	5,794		5,802
Building and leasehold improvements	5,027		5,010
Plant equipment	15,629		15,650
Technology equipment	2,858		2,798
Construction-in-progress	1,520		1,418
	65,622		64,809
Less: Accumulated depreciation and amortization	(32,135)		(31,334)
Property, Plant and Equipment, Net	$	33,487	$	33,475

Property, plant and equipment purchased on account was $477 and $248 million as of June 30, 2022 and December 31, 2021, respectively. 

We continually monitor our aircraft fleet utilization in light of current and projected volume levels, aviation fuel prices and other factors. Additionally, we monitor all other property, plant and equipment categories for any indicators that the carrying value of the assets may not be recoverable. For the three months ended June 30, 2022 and 2021, and for the six months ended June 30, 2022, there were no material impairment charges. We recorded impairment charges of $24 million for the six months ended June 30, 2021, due to the reevaluation of certain facility projects.