Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.22.2.2
PROPERTY, PLANT AND EQUIPMENT
 9 Months Ended
Sep. 30, 2022
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,
2022		 December 31,
2021
Land, land improvements and mineral rights $ 1,396  $ 1,291 
Buildings 914  889 
Equipment 9,042  8,709 
Other 232  229 
Construction in progress 534  408 
Total property, plant and equipment1
12,118  11,526 
Allowance for depreciation and depletion (3,088) (2,340)
Property, plant and equipment, net $ 9,030  $ 9,186 
1 Includes right-of-use assets related to finance leases of $389 million and $411 million as of September 30, 2022 and December 31, 2021, respectively.
We recorded depreciation and depletion expense of $235 million and $782 million for the three and nine months ended September 30, 2022, respectively, and $238 million and $661 million for the three and nine months ended September 30, 2021, respectively. Depreciation and depletion expense for the nine months ended September 30, 2022 includes $23 million of accelerated depreciation related to the decision to indefinitely idle the coke facility at Middletown Works and $68 million of accelerated depreciation related to the indefinite idle of the Indiana Harbor #4 blast furnace.