Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.21.2
PROPERTY, PLANT AND EQUIPMENT
 9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment as of September 30, 2021 and December 31, 2020 consisted of the following (in millions):
2021 2020
Vehicles $ 9,990  $ 9,786 
Aircraft 21,497  20,549 
Land 2,049  2,052 
Buildings 5,844  5,425 
Building and leasehold improvements 4,987  4,921 
Plant equipment 15,315  14,684 
Technology equipment 2,788  2,626 
Construction-in-progress 1,507  2,048 
63,977  62,091 
Less: Accumulated depreciation and amortization (31,118) (29,837)
Property, Plant and Equipment, Net $ 32,859  $ 32,254 
Property, plant and equipment purchased on account was $365 and $319 million as of September 30, 2021 and December 31, 2020, respectively. 
We continually monitor our aircraft fleet utilization in light of current and projected volume levels, aviation fuel prices and other factors. Additionally, we monitor all other property, plant and equipment categories for any indicators that the carrying value of the assets may not be recoverable. There were no material impairment charges to our property, plant and equipment for the three months ended September 30, 2021. For the nine months ended September 30, 2021, we recognized impairment charges of $30 million due to the cancellation of certain facility automation and expansion projects. There were no material impairment charges for the corresponding periods of 2020.