Property and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment

Property and Equipment

4.    Property and Equipment

Property and equipment as of December 31 consisted of the following (in millions):

	2023		2022
Land	$	772	$	752
Landfills		19,473		18,526
Vehicles		6,581		6,173
Machinery and equipment (a)		4,989		4,401
Containers		3,104		3,021
Buildings and improvements		4,266		3,809
Furniture, fixtures and office equipment		609		664
		39,794		37,346
Less: Accumulated depreciation of tangible property and equipment		(11,183)		(10,731)
Less: Accumulated depletion of landfill airspace		(11,643)		(10,896)
Property and equipment, net	$	16,968	$	15,719

(a) As of December 31, 2023 and 2022, includes $1.5 billion and $1.1 billion, respectively, related to recycling facilities. As of December 31, 2023 and 2022, includes $720 million and $570 million, respectively, related to RNG facilities.

See Note 11 for information regarding asset impairments.

Depreciation and depletion expense, including for assets recorded as financing leases, consisted of the following for the year ended December 31 (in millions):

	2023		2022		2021
Depreciation of tangible property and equipment	$	1,197	$	1,155	$	1,125
Depletion of landfill airspace		745		754		731
Depreciation and depletion expense	$	1,942	$	1,909	$	1,856

See Note 5 for information regarding amortization of our intangible assets.