PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2022

Property Plant And Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE 7: PROPERTY AND EQUIPMENT, NET

Property and equipment includes land, buildings and improvements, machinery and equipment, roads and other items.

Carrying Value of Property and Equipment and Estimated Service Lives

DOLLAR AMOUNTS IN MILLIONS
		DECEMBER 31,			DECEMBER 31,
	RANGE OF LIVES	2022			2021
Property and equipment, at cost:
Land	N/A	$	83		$	83
Buildings and improvements	15-40		1,166			1,104
Machinery and equipment	5-25		3,791			3,640
Roads	10-35		743			724
Other	3-10		98			98
Total cost			5,881			5,649
Accumulated depreciation and amortization			(3,710	)		(3,592	)
Property and equipment, net		$	2,171		$	2,057

SERVICE LIVES AND DEPRECIATION

In general, additions are classified into components, each with its own estimated useful life as determined at the time of purchase.

Depreciation and amortization expense for property and equipment was:

	$249 million in 2022,
	$241 million in 2021 and
	$243 million in 2020.