Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of property, plant, and equipment

A summary of property, plant and equipment as of December 31, 2023 and 2022 is as follows:

(in millions of dollars)	2023		2022
Land and industrial buildings	$	1,896	$	1,807
Plant, machinery and equipment	3,641		3,293
Construction in progress	276		194
Other	423		364
Gross property, plant and equipment	6,236		5,658
Accumulated depreciation	(4,323)		(4,126)
Net property, plant and equipment	$	1,913	$	1,532