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Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment Depreciation is calculated using the straight-line method over the following ranges of estimated useful service lives, in years:
Estimated Useful Service Lives
Buildings
20 – 40
Building and leasehold improvements
6 – 20
Machinery and equipment
2 – 10
Furniture and fixtures
2 – 10
Property, plant and equipment is as follows:
December 31,
(cost in millions)20232022
Land$48 $43 
Buildings272 265 
Building and leasehold improvements131 132 
Machinery and equipment671 882 
Furniture and fixtures143 137 
Assets under development59 29 
1,324 1,488 
Less accumulated depreciation(866)(1,041)
Net property, plant and equipment$458 $447