Property, Plant and Equipment (Notes)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

7 – Property, Plant and Equipment, Net

Property, plant and equipment, net was composed of the following:

	December 31,
(Dollars in millions)	2022		2021
Land, Buildings and Leasehold Improvements	$	476	$	484
Rental and Service Equipment	983		902
Machinery and Other	232		233
Property, Plant and Equipment, Gross	1,691		1,619
Less: Accumulated Depreciation	773		623
Property, Plant and Equipment, Net	$	918	$	996

Depreciation expense was $194 million, $284 million and $340 million in 2022, 2021 and 2020. See discussion at “Note 4 – Goodwill and Long-Lived Assets Impairment” for impairment recognized in 2020.