PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 5 - 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, 2024		December 31, 2023
Land, land improvements and mineral rights	$	1,388	$	1,389
Buildings	935		946
Equipment	9,701		9,680
Other	314		302
Construction in progress	625		590
Total property, plant and equipment1	12,963		12,907
Allowance for depreciation and depletion	(4,192)		(4,012)
Property, plant and equipment, net	$	8,771	$	8,895
1 Includes right-of-use assets related to finance leases of $315 million and $306 million as of March 31, 2024 and December 31, 2023, respectively.

We recorded depreciation and depletion expense of $227 million and $239 million for the three months ended March 31, 2024 and 2023, respectively.

During the three months ended March 31, 2024, we announced the indefinite idle of our Weirton tinplate production plant, which resulted in a $46 million impairment charge to Property, plant and equipment, net.