Property, Plant and Equipment

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

PROPERTY, PLANT AND EQUIPMENT

The following table summarizes our property, plant and equipment at March 31, 2021 and December 31, 2020:

Millions of dollars	March 31, 2021		December 31, 2020
Land	$	91	$	92
Buildings	1,304		1,517
Machinery and equipment	7,924		8,370
Accumulated depreciation	(6,534)		(6,780)
Property, plant and equipment, net (1)	$	2,785	$	3,199

(1)Net book value of $304 million of property, plant and equipment of Whirlpool China has been transferred to assets held for sale in the first quarter of 2021. For additional information, see Note 15 to the Consolidated Condensed Financial Statements.

During the three months ended March 31, 2021, we disposed of buildings, machinery and equipment with a net book value of $6 million. The net gain on the disposals were not material.