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Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.22.1
PROPERTY, PLANT AND EQUIPMENT
 3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract] Ìý
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)
March 31,
2022		 December 31,
2021
Land, land improvements and mineral rights $ 1,397Ìý $ 1,291Ìý
Buildings 907Ìý 889Ìý
Equipment 8,691Ìý 8,709Ìý
Other 233Ìý 229Ìý
Construction in progress 414Ìý 408Ìý
Total property, plant and equipment1
11,642Ìý 11,526Ìý
Allowance for depreciation and depletion (2,630) (2,340)
Property, plant and equipment, net $ 9,012Ìý $ 9,186Ìý
1 Includes right-of-use assets related to finance leases of $371 million and $411 million as of MarchÌý31, 2022 and DecemberÌý31, 2021, respectively.
We recorded depreciation and depletion expense of $298 million and $215 million for the three months ended MarchÌý31, 2022 and 2021, respectively. Depreciation and depletion expense for the three months ended MarchÌý31, 2022 includes $68Ìýmillion of accelerated depreciation related to the indefinite idle of the Indiana Harbor #4 blast furnace.