Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.21.2
PROPERTY, PLANT AND EQUIPMENT
 9 Months Ended
Sep. 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)
September 30,
2021		 December 31,
2020
Land, land improvements and mineral rights $ 1,285  $ 1,213 
Buildings 852  703 
Equipment 8,334  6,786 
Other 213  151 
Construction in progress 417  1,364 
Total property, plant and equipment1
11,101  10,217 
Allowance for depreciation and depletion (2,127) (1,474)
Property, plant and equipment, net $ 8,974  $ 8,743 
1 Includes right-of-use assets related to finance leases of $396 million and $361 million as of September 30, 2021 and December 31, 2020, respectively.
We recorded depreciation and depletion expense of $238 million and $661 million for the three and nine months ended September 30, 2021, respectively, and $72 million and $183 million for the three and nine months ended September 30, 2020, respectively.