PROPERTY, PLANT AND EQUIPMENT
|6 Months Ended|
Jun. 30, 2021
|Property, Plant and Equipment [Abstract]|
|PROPERTY, PLANT AND EQUIPMENT||PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment as of June 30, 2021 and December 31, 2020 consisted of the following (in millions):
Property, plant and equipment purchased on account was $381 and $319 million as of June 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. During the three months ended June 30, 2021 and 2020, there were no material impairment charges to our property, plant and equipment. During the six months ended June 30, 2021, we recognized impairment charges of $24 million due to the cancellation of certain facility expansion projects. There were no material impairment charges during the corresponding period of 2020.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef