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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
 6 Months Ended
Jun. 30, 2023
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) June 30,
2023		 December 31,
2022
Land, land improvements and mineral rights $ 1,388Ìý $ 1,388Ìý
Buildings 932Ìý 921Ìý
Equipment 9,578Ìý 9,289Ìý
Other 247Ìý 238Ìý
Construction in progress 510Ìý 552Ìý
Total property, plant and equipment1
12,655Ìý 12,388Ìý
Allowance for depreciation and depletion (3,777) (3,318)
Property, plant and equipment, net $ 8,878Ìý $ 9,070Ìý
1 Includes right-of-use assets related to finance leases of $467 million and $408 million as of JuneÌý30, 2023 and DecemberÌý31, 2022, respectively.
We recorded depreciation and depletion expense of $246 million and $485 million for the three and six months ended JuneÌý30, 2023, respectively, and $249 million and $547 million for the three and six months ended JuneÌý30, 2022, respectively. Depreciation and depletion expense for both the three and six months ended JuneÌý30, 2022 includes $23Ìýmillion of accelerated depreciation related to the decision to indefinitely idle the coke facility at Middletown Works. Depreciation and depletion expense for the six months ended JuneÌý30, 2022 also includes $68Ìýmillion of accelerated depreciation related to the indefinite idle of the Indiana Harbor #4 blast furnace.