Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, net

Property, Plant and Equipment, net

Property, plant and equipment, net consisted of the following (in millions):

	2023		2022
Land	$	144	$	147
Buildings	9,049		8,555
Machinery and equipment	9,908		9,400
Construction in progress	2,081		2,036
Total property, plant and equipment	21,182		20,138
Less: accumulated depreciation	(12,812)		(12,163)
Total property, plant and equipment, net	$	8,370	$	7,975

Depreciation expense related to plant and equipment was $920 million in 2023, $903 million in 2022 and $904 million in 2021.