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Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

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PROPERTY, PLANT AND EQUIPMENT
3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract] Ìý
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,
2024
December 31,
2023
Land, land improvements and mineral rights $ 1,388Ìý $ 1,389Ìý
Buildings 935Ìý 946Ìý
Equipment 9,701Ìý 9,680Ìý
Other 314Ìý 302Ìý
Construction in progress 625Ìý 590Ìý
Total property, plant and equipment1
12,963Ìý 12,907Ìý
Allowance for depreciation and depletion (4,192) (4,012)
Property, plant and equipment, net $ 8,771Ìý $ 8,895Ìý
1 Includes right-of-use assets related to finance leases of $315 million and $306 million as of MarchÌý31, 2024 and DecemberÌý31, 2023, respectively.
We recorded depreciation and depletion expense of $227 million and $239 million for the three months ended MarchÌý31, 2024 and 2023, respectively.
During the three months ended MarchÌý31, 2024, we announced the indefinite idle of our Weirton tinplate production plant, which resulted in a $46Ìýmillion impairment charge to Property, plant and equipment, net.