Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [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)	2021		2020
Land, buildings and improvements	$	370	$	369
Machinery and equipment	933		941
Equipment held for lease or rental	250		241
Furniture and fixtures	127		124
Construction work in progress	115		110
Other	31		29
Total property, plant and equipment, gross	1,826		1,814
Less accumulated depreciation	1,182		1,157
Total property, plant and equipment, net	$	644	$	657