Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment, Net.

Property, Plant and Equipment, Net

10. Property, Plant and Equipment, Net

	December 31,		December 31,
($ in millions)	2019		2018
Land	$	153	$	159
Buildings		1,433		1,359
Machinery and equipment		5,513		5,250
Construction-in-progress		434		509
		7,533		7,277
Accumulated depreciation		(3,063)		(2,735)
	$	4,470	$	4,542

Property, plant and equipment are stated at historical or acquired cost. Depreciation expense amounted to $491 million, $498 million and $509 million for the years ended December 31, 2019, 2018 and 2017, respectively.

As discussed in Note 6, Ball recorded an impairment charge in 2019 related to its Saudi Arabian beverage packaging business (of which Ball owns 51 percent). The impairment charge was recorded in the fourth quarter of 2019 and was triggered by the loss of a major customer for this business in December 2019. The loss of volumes led management to perform impairment tests for long-lived assets and goodwill for the beverage AMEA reporting unit. The impairment reviews led to the recognition of non-cash impairment charges totaling $64 million, which primarily related to property, plant and equipment and intangible assets. This impairment charge was recorded in business consolidation and other activities in the company’s consolidated statement of earnings. The fair value of the impacted long-lived assets was estimated using an income approach.