PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT

The following table indicates the carrying value of each of the major classes of our depreciable assets:

	(In Millions)
	March 31, 2021		December 31, 2020
Land, land improvements and mineral rights	$	1,241	$	1,213
Buildings	1,004		703
Equipment	7,877		6,786
Other	173		151
Construction in progress	407		1,364
Total property, plant and equipment1	10,702		10,217
Allowance for depreciation and depletion	(1,688)		(1,474)
Property, plant and equipment, net	$	9,014	$	8,743
1 Includes right-of-use assets related to finance leases of $365 million and $361 million as of March 31, 2021 and December 31, 2020, respectively.

We recorded depreciation and depletion expense of $215 million and $36 million for the three months ended March 31, 2021 and 2020, respectively