Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Property, Plant and Equipment

These assets are recorded at historical cost and are depreciated using the straight-line method of depreciation over the estimated useful lives as follows:

	Estimated Life
Buildings and improvements	5 to 40 years
Machinery and equipment	2 to 10 years
Furniture and fixtures	3 to 7 years
Equipment held for lease or rental	2 to 10 years

The components of total property, plant and equipment, net are as follows: 

	December 31,
(in millions)	2019		2018
Land, buildings and improvements	$	339	$	326
Machinery and equipment	861		819
Equipment held for lease or rental	256		249
Furniture and fixtures	118		109
Construction work in progress	104		107
Other	24		22
Total property, plant and equipment, gross	1,702		1,632
Less accumulated depreciation	1,044		976
Total property, plant and equipment, net	$	658	$	656