PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Sep. 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)	September 30, 2024		December 31, 2023
Land, land improvements and mineral rights	$	1,389	$	1,389
Buildings	938		946
Equipment	9,916		9,680
Other	315		302
Construction in progress	714		590
Total property, plant and equipment1	13,272		12,907
Allowance for depreciation and depletion	(4,585)		(4,012)
Property, plant and equipment, net	$	8,687	$	8,895
1 Includes right-of-use assets related to finance leases of $358 million and $306 million as of September 30, 2024 and December 31, 2023, respectively.

We recorded depreciation and depletion expense of $233 million and $687 million for the three and nine months ended September 30, 2024, respectively, and $247 million and $732 million for the three and nine months ended September 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.