PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES

NOTE 6. PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES

	March 31, 2024		December 31, 2023
Original cost	$	27,498	$	27,332
Less: accumulated depreciation and amortization	(16,935)		(16,678)
Right-of-use operating lease assets	1,782		1,840
Property, plant and equipment – net	$	12,345	$	12,494

Operating Lease Liabilities. Our consolidated operating lease liabilities, included in All other liabilities in our Statement of Financial Position, were $1,908 million and $1,973 million, as of March 31, 2024 and December 31, 2023, respectively. Expense on our operating lease portfolio, primarily from our long-term fixed leases, was $188 million and $195 million for the three months ended March 31, 2024 and 2023, respectively.