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Property, Plant and Equipment, Net
6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net Property, Plant and Equipment, Net
Property, plant and equipment, net, is comprised of the following at the dates indicated (in millions):
June 30, 2022December 31, 2021
Land$76 $82 
Buildings and improvements632 678 
Machinery and equipment2,325 2,387 
3,033 3,147 
Less: Accumulated depreciation(1,895)(1,943)
$1,138 $1,204 

Depreciation expense was $47 million and $51 million for the three months ended June 30, 2022 and 2021, respectively, and $96 million and $103 million for the six months ended June 30, 2022 and 2021, respectively.

During the three months ended March 31, 2022, the Company took possession of a right of use operating lease asset with future obligations of approximately $64 million.