XML 43 R22.htm IDEA: XBRL DOCUMENT v3.24.0.1
Property, Plant and Equipment
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block] PROPERTY, PLANT AND EQUIPMENT
(In millions)
December 31, 20231
December 31, 2022
Land and land improvements$440 $416 
Buildings1,671 1,541 
Machinery and equipment6,315 6,077 
Construction in progress530 517 
Total property, plant and equipment8,956 8,551 
Accumulated depreciation(4,669)(4,297)
Total property, plant and equipment - net$4,287 $4,254 
1. Includes property, plant and equipment acquired in connection with the Stoller and Symborg acquisitions, which were completed on March 1, 2023. See Note 4 – Business Combinations, to the Consolidated Financial Statements, for additional information.

Buildings, machinery and equipment and land improvements are depreciated over useful lives on a straight-line basis ranging from 2 to 25 years. Capitalizable costs associated with computer software for internal use are amortized on a straight-line basis over 2 to 7 years.

For the Year Ended December 31,
(In millions)202320222021
Depreciation expense$528 $521 $521