星空传媒 Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

听

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)
	September 30, 2022		December 31, 2021
Land, land improvements and mineral rights	$	1,396听	$	1,291听
Buildings	914听		889听
Equipment	9,042听		8,709听
Other	232听		229听
Construction in progress	534听		408听
Total property, plant and equipment1	12,118听		11,526听
Allowance for depreciation and depletion	(3,088)		(2,340)
Property, plant and equipment, net	$	9,030听	$	9,186听

1 Includes right-of-use assets related to finance leases of $389 million and $411 million as of September听30, 2022 and December听31, 2021, respectively.

We recorded depreciation and depletion expense of $235 million and $782 million for the three and nine months ended September听30, 2022, respectively, and $238 million and $661 million for the three and nine months ended September听30, 2021, respectively. Depreciation and depletion expense for the nine months ended September听30, 2022 includes $23听million of accelerated depreciation related to the decision to indefinitely idle the coke facility at Middletown Works and $68听million of accelerated depreciation related to the indefinite idle of the Indiana Harbor #4 blast furnace.