Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Weighted-average Useful Lives of Structures and Machinery and Equipment

The following table details the weighted-average useful lives of structures and machinery and equipment by reporting segment (numbers in years):

	Structures	Machinery and equipment
Engine Products	30	17
Fastening Systems	27	17
Engineered Structures	28	19
Forged Wheels	28	18

Properties, Plants, and Equipment, Net

	December 31, 2023		December 31, 2022
Land and land rights	$	88	$	84
Structures	1,018		986
Machinery and equipment	4,079		3,941
	5,185		5,011
Less: accumulated depreciation and amortization	3,081		2,858
	2,104		2,153
Construction work-in-progress	224		179
Properties, plants, and equipment, net	$	2,328	$	2,332

Schedule of Weighted-average Useful Lives of Software and Other Intangibles

The following table details the weighted-average useful lives of software and other intangible assets by reporting segment (numbers in years):

	Software	Other intangible assets
Engine Products	7	33
Fastening Systems	5	23
Engineered Structures	3	18
Forged Wheels	4	25