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Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.24.3
PROPERTY, PLANT AND EQUIPMENT
 9 Months Ended
Sep. 30, 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) September 30,
2024		 December 31,
2023
Land, land improvements and mineral rights $ 1,389Ìý $ 1,389Ìý
Buildings 938Ìý 946Ìý
Equipment 9,916Ìý 9,680Ìý
Other 315Ìý 302Ìý
Construction in progress 714Ìý 590Ìý
Total property, plant and equipment1
13,272Ìý 12,907Ìý
Allowance for depreciation and depletion (4,585) (4,012)
Property, plant and equipment, net $ 8,687Ìý $ 8,895Ìý
1 Includes right-of-use assets related to finance leases of $358 million and $306 million as of SeptemberÌý30, 2024 and DecemberÌý31, 2023, respectively.
We recorded depreciation and depletion expense of $233 million and $687 million for the three and nine months ended SeptemberÌý30, 2024, respectively, and $247 million and $732 million for the three and nine months ended SeptemberÌý30, 2023, respectively.
During the first quarter of 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.