Property, plant and equipment, net |
7. Property, plant and equipment, net Property, plant and equipment, net at December 31 were:
| | | | | | | | | in $ millions | 2023 | 2022 | Mineral-bearing land | 4,847 | 5,055 | Land and buildings | 5,991 | 5,851 | Plant and machinery | 20,468 | 19,605 | Construction in progress | 1,271 | 1,090 | Finance lease right-of-use assets | 187 | 128 | Total property, plant and equipment | 32,764 | 31,729 | Less: accumulated depreciation, depletion, amortization and impairment | (14,923) | (13,961) | Total property, plant and equipment, net | 17,841 | 17,768 |
Depreciation, depletion and amortization expense related to property, plant and equipment was $1,494 million, $1,449 million and $1,433 million for the years ended December 31, 2023, 2022 and 2021, respectively. Depreciation, depletion and amortization expense includes amortization of right-of-use assets from finance leases. Potential impairment of property, plant and equipment is considered by applying a series of external and internal indicators including a limited number of climate change factors. An impairment charge of $30 million was recognized during the year ended December 31, 2023, principally relating to the write-down of property, plant and equipment in our Americas Materials Solutions segment.
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