PROPERTY, NET

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

PROPERTY, NET

PROPERTY, NET

Property, net is stated at cost less accumulated depreciation and amortization, and consisted of:

	Estimated Useful Lives	December 31,
		2019			2018
	(Years)	(in millions)
Land	—	$	70		$	70
Land and leasehold improvements	3-20	27			26
Buildings	40	333			300
Machinery, equipment and tooling	3-20	2,199			1,948
Information technology equipment, furniture and office equipment	3-10	133			81
Construction in progress	—	134			205
Total		2,896			2,630
Less: accumulated depreciation		(1,387		)	(1,185		)
Total property, net		$	1,509		$	1,445

For the year ended December 31, 2019, 2018 and 2017, Delphi Technologies recorded asset impairment charges of $23 million, $1 million and $12 million in cost of sales related to declines in the fair values of certain fixed assets, respectively. Additionally, during the year ended December 31, 2019, the Company recorded asset impairment charges of $5 million in selling, general and administrative expense for the decline in fair value of certain capitalized information technology assets.