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Property, Plant and Equipment, net (Tables)
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Summary of Property, Plant and Equipment

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

 

Estimated
Useful Lives

June 30, 2024

 

 

December 31, 2023

 

Information technology assets

 

1-7 Years

 

$

46

 

 

$

46

 

Operating equipment (1)

 

2-15 Years

 

 

174

 

 

 

164

 

Buildings and land (2)

 

5-35 Years

 

 

102

 

 

 

97

 

Construction in progress

 

 

 

 

3

 

 

 

2

 

Total property, plant and equipment

 

 

 

 

325

 

 

 

309

 

Less: accumulated depreciation

 

 

 

 

(186

)

 

 

(178

)

Property, plant and equipment, net

 

 

 

$

139

 

 

$

131

 

 

(1)
Includes finance lease right-of-use assets.
(2)
Land has an indefinite life.