Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.23.1
PROPERTY, PLANT AND EQUIPMENT
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
NOTE 5 - 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,
2023		 December 31,
2022
Land, land improvements and mineral rights $ 1,390  $ 1,388 
Buildings 927  921 
Equipment 9,359  9,289 
Other 244  238 
Construction in progress 580  552 
Total property, plant and equipment1
12,500  12,388 
Allowance for depreciation and depletion (3,550) (3,318)
Property, plant and equipment, net $ 8,950  $ 9,070 
1 Includes right-of-use assets related to finance leases of $424 million and $408 million as of March 31, 2023 and December 31, 2022, respectively.
We recorded depreciation and depletion expense of $239 million and $298 million for the three months ended March 31, 2023 and 2022, respectively. Depreciation and depletion expense for the three months ended March 31, 2022 includes $68 million of accelerated depreciation related to the indefinite idle of the Indiana Harbor #4 blast furnace.