Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

The following summarizes the components of Property, plant and equipment:
	Useful Lives	As of December 31,
(MILLIONS)	(Years)	2023		2022
Land	-	$	353	$	368
Buildings	33-50	9,046		8,832
Machinery and equipment	8-20	14,263		12,881
Furniture, fixtures and other	3-12.5	5,399		4,491
Construction in progress	-	5,925		4,875
		34,985		31,448
Less: Accumulated depreciation		16,045		15,174
Property, plant and equipment		$	18,940	$	16,274

The following provides long-lived assets by geographic area:
	As of December 31,
(MILLIONS)	2023		2022
United States	$	10,674	$	9,179
Developed Europe	6,221		5,389
Developed Rest of World	290		293
Emerging Markets	1,756		1,413
Property, plant and equipment	$	18,940	$	16,274