Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.21.1
PROPERTY, PLANT AND EQUIPMENT
 3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
NOTE 6 - PROPERTY, PLANT AND EQUIPMENT
The following table indicates the carrying value of each of the major classes of our depreciable assets:
(In Millions)
March 31,
2021		 December 31,
2020
Land, land improvements and mineral rights $ 1,241  $ 1,213 
Buildings 1,004  703 
Equipment 7,877  6,786 
Other 173  151 
Construction in progress 407  1,364 
Total property, plant and equipment1
10,702  10,217 
Allowance for depreciation and depletion (1,688) (1,474)
Property, plant and equipment, net $ 9,014  $ 8,743 
1 Includes right-of-use assets related to finance leases of $365 million and $361 million as of March 31, 2021 and December 31, 2020, respectively.
We recorded depreciation and depletion expense of $215 million and $36 million for the three months ended March 31, 2021 and 2020, respectively