PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

The range of useful lives for the major components of the Company’s plant and equipment is as follows:            

Buildings and leasehold improvements	15 – 40 years
Machinery and equipment
Furnaces	4 – 15 years
Information systems	5 – 10 years
Equipment	5 – 20 years

Property, plant and equipment consist of the following (in millions):

	December 31,
	2023		2022
Land	$	168	$	166
Buildings and leasehold improvements	1,263		1,221
Machinery and equipment	5,402		5,220
Construction in progress	665		522
	7,498		7,129
Accumulated depreciation	(3,657)		(3,400)
Property, plant and equipment, net	$	3,841	$	3,729