PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 5 - PROPERTY, PLANT AND EQUIPMENT

The following table indicates the carrying value of each of the major classes of our depreciable assets:

(In millions)	June 30, 2024		December 31, 2023
Land, land improvements and mineral rights	$	1,389	$	1,389
Buildings	937		946
Equipment	9,822		9,680
Other	314		302
Construction in progress	645		590
Total property, plant and equipment1	13,107		12,907
Allowance for depreciation and depletion	(4,379)		(4,012)
Property, plant and equipment, net	$	8,728	$	8,895
1 Includes right-of-use assets related to finance leases of $347 million and $306 million as of June 30, 2024 and December 31, 2023, respectively.

We recorded depreciation and depletion expense of $227 million and $454 million for the three and six months ended June 30, 2024, respectively, and $246 million and $485 million for the three and six months ended June 30, 2023, respectively.

During the first quarter of 2024, we announced the indefinite idle of our Weirton tinplate production plant, which resulted in a $46 million impairment charge to Property, plant and equipment, net.