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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 14. Property, Plant and Equipment

 

 

 

December 31, 2023

 

 

December 31, 2022

 

(In millions)

 

Owned

 

 

Finance
Leases

 

 

Total

 

 

Owned

 

 

Finance
Leases

 

 

Total

 

Property, plant and equipment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land

 

$

461

 

 

$

1

 

 

$

462

 

 

$

449

 

 

$

1

 

 

$

450

 

Buildings

 

 

2,840

 

 

 

218

 

 

 

3,058

 

 

 

2,640

 

 

 

217

 

 

 

2,857

 

Machinery and equipment

 

 

15,664

 

 

 

69

 

 

 

15,733

 

 

 

14,838

 

 

 

51

 

 

 

14,889

 

Construction in progress

 

 

1,340

 

 

 

—

 

 

 

1,340

 

 

 

1,173

 

 

 

—

 

 

 

1,173

 

 

 

20,305

 

 

 

288

 

 

 

20,593

 

 

 

19,100

 

 

 

269

 

 

 

19,369

 

Accumulated depreciation

 

 

(12,392

)

 

 

(80

)

 

 

(12,472

)

 

 

(11,308

)

 

 

(69

)

 

 

(11,377

)

 

 

7,913

 

 

 

208

 

 

 

8,121

 

 

 

7,792

 

 

 

200

 

 

 

7,992

 

Spare parts

 

 

371

 

 

 

—

 

 

 

371

 

 

 

302

 

 

 

—

 

 

 

302

 

 

 

$

8,284

 

 

$

208

 

 

$

8,492

 

 

$

8,094

 

 

$

200

 

 

$

8,294

 

The range of useful lives of property used in arriving at the annual amount of depreciation is as follows: buildings and improvements, 3 to 45 years; and machinery and equipment, 3 to 40 years.