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Property, Plant and Equipment, net
3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, net

4. Property, Plant and Equipment, net

Property, plant and equipment consist of (in millions):

 

Estimated
Useful Lives

March 31, 2023

 

 

December 31, 2022

 

Information technology assets

 

1-7 Years

 

$

48

 

 

$

47

 

Operating equipment (1)

 

2-15 Years

 

 

145

 

 

 

141

 

Buildings and land (2)

 

5-35 Years

 

 

94

 

 

 

94

 

Construction in progress

 

 

 

 

4

 

 

 

4

 

Total property, plant and equipment

 

 

 

 

291

 

 

 

286

 

Less: accumulated depreciation

 

 

 

 

(170

)

 

 

(167

)

Property, plant and equipment, net

 

 

 

$

121

 

 

$

119

 

 

(1)
Includes finance lease right-of-use assets.
(2)
Land has an indefinite life.