Property, Plant and Equipment, Net

3 Months Ended

Mar. 31, 2023

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 (in millions):

	March 31, 2023		December 31, 2022
Land	$	77	$	76
Buildings and improvements	652		648
Machinery and equipment	2,427		2,349
	3,156		3,073
Less: Accumulated depreciation	(1,943)		(1,889)
	$	1,213	$	1,184

Depreciation expense was $54 million and $49 million for the three months ended March 31, 2023 and 2022, respectively.