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Fixed Assets
 3 Months Ended
Mar. 31, 2022
Property Plant And Equipment [Abstract]  
Fixed Assets

5.   Fixed Assets

A summary of fixed assets follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

Mar. 31,

 

 

Dec. 31,

 

 

2022

 

 

2021

 

Property, plant & equipment

$

29,022

 

 

$

29,077

 

Less: Accumulated depreciation

 

22,668

 

 

 

22,648

 

 

$

6,354

 

 

$

6,429

 

 

Depreciation expense relating to fixed assets was $338 million and $355 million in the first quarter of 2022 and 2021, respectively.