Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, net

6. Property, Plant and Equipment, net

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

	Estimated	December 31,
	Useful Lives	2023			2022
Information technology assets	1-7 Years	$	46		$	47
Operating equipment (1)	2-15 Years		164			141
Buildings and land (2)	5-35 Years		97			94
Construction in progress			2			4
Total property, plant and equipment			309			286
Less: accumulated depreciation			(178	)		(167	)
Property, plant and equipment, net		$	131		$	119

(1)Includes finance ROU assets.

(2)Land has an indefinite life

Depreciation expense was $21 million, $17 million and $21 million for the years ended December 31, 2023, 2022 and 2021, respectively.