PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES

NOTE 6. PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES

	March 31, 2023		December 31, 2022
Original cost	$	26,957	$	26,641
Less accumulated depreciation and amortization	(16,640)		(16,303)
Right-of-use operating lease assets	1,853		1,854
Property, plant and equipment – net	$	12,170	$	12,192

Operating Lease Liabilities. Our consolidated operating lease liabilities, included in All other liabilities in our Statement of Financial Position, was $2,083 million and $2,089 million, as of March 31, 2023 and December 31, 2022, respectively. Expense on our operating lease portfolio, primarily from our long-term fixed leases, was $195 million and $227 million for the three months ended March 31, 2023 and 2022, respectively.