Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

The components of property, plant and equipment follow:

	Useful Lives	As of December 31,
(MILLIONS OF DOLLARS)	(Years)	2023		2022
Land	—	$	25	$	26
Buildings	33.3 - 50	1,316		1,197
Machinery, equipment and fixtures	3 - 20	3,372		3,013
Construction-in-progress	—	1,085		814
		5,798		5,050
Less: Accumulated depreciation		2,594		2,297
Property, plant and equipment		$	3,204	$	2,753