Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.21.2
PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 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)
June 30,
2021		 December 31,
2020
Land, land improvements and mineral rights $ 1,274  $ 1,213 
Buildings 865  703 
Equipment 8,104  6,786 
Other 205  151 
Construction in progress 430  1,364 
Total property, plant and equipment1
10,878  10,217 
Allowance for depreciation and depletion (1,896) (1,474)
Property, plant and equipment, net $ 8,982  $ 8,743 
1 Includes right-of-use assets related to finance leases of $376 million and $361 million as of June 30, 2021 and December 31, 2020, respectively.
We recorded depreciation and depletion expense of $208 million and $423 million for the three and six months ended June 30, 2021, respectively, and $75 million and $111 million for the three and six months ended June 30, 2020, respectively.