Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

8.  Property, Plant and Equipment, Net

Property, plant and equipment, net consists of the following:

			December 31,
	Useful Life		2021		2020
	(in years)			(in millions)
Land			$	332	$	393
Buildings and improvements		5 - 40		906		920
Machinery, equipment and furniture		2 - 20		5,814		5,347
Assets leased to others		5 - 39		315		282
Financing leases		1 - 18		109		113
Construction in progress				189		151
				7,665		7,206
Less: Accumulated depreciation and amortization				(3,580)		(2,978)
Property, plant and equipment, net			$	4,085	$	4,228

Depreciation and amortization expense related to property, plant and equipment for the years ended December 31, 2021, 2020 and 2019 was $383 million, $406 million and $410 million, respectively.

See Note 5, “Fair Value Measurements,” for discussion regarding certain impairments to our property, plant and equipment.