Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment, Net [Abstract]

Property, Plant and Equipment, Net

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment consisted of the following amounts:

(DOLLARS IN MILLIONS)	December 31,
	2021		2020
Asset Type
Land	$	223	$	84
Buildings and improvements	1,764		932
Machinery and equipment	3,442		1,525
Information technology	271		251
Construction in process	461		136
Total Property, Plant and Equipment	6,161		2,928
Accumulated depreciation	(1,793)		(1,470)
Total Property, Plant and Equipment, Net	$	4,368	$	1,458

Depreciation expense was $424 million, $132 million and $130 million for the years ended December 31, 2021, 2020 and 2019, respectively.