Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.24.2
PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 2024
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) June 30,
2024		 December 31,
2023
Land, land improvements and mineral rights $ 1,389  $ 1,389 
Buildings 937  946 
Equipment 9,822  9,680 
Other 314  302 
Construction in progress 645  590 
Total property, plant and equipment1
13,107  12,907 
Allowance for depreciation and depletion (4,379) (4,012)
Property, plant and equipment, net $ 8,728  $ 8,895 
1 Includes right-of-use assets related to finance leases of $347 million and $306 million as of June 30, 2024 and December 31, 2023, respectively.
We recorded depreciation and depletion expense of $227 million and $454 million for the three and six months ended June 30, 2024, respectively, and $246 million and $485 million for the three and six months ended June 30, 2023, respectively.
During the first quarter of 2024, we announced the indefinite idle of our Weirton tinplate production plant, which resulted in a $46 million impairment charge to Property, plant and equipment, net.