v3.22.2.2
PROPERTY AND DEPRECIATION
 12 Months Ended
Oct. 30, 2022
PROPERTY AND DEPRECIATION  
PROPERTY AND DEPRECIATION

14. PROPERTY AND DEPRECIATION

A summary of property and equipment at October 30, 2022 and October 31, 2021 in millions of dollars follows:

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Useful Lives*

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(Years)

  

   2022   

  

   2021   

 

Land

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​

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$

274

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$

297

 

Buildings and building equipment

 

22

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4,386

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4,352

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Machinery and equipment

 

11

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6,208

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6,123

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Dies, patterns, tools, etc.

 

8

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1,558

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1,679

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All other

 

5

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1,205

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1,197

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Construction in progress

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818

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527

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Total at cost

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14,449

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14,175

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Less accumulated depreciation

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8,393

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8,355

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Property and equipment - net

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$

6,056

 

$

5,820

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*    Weighted-averages

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Total property and equipment additions in 2022, 2021, and 2020 were $1,197 million, $897 million, and $815 million and depreciation was $806 million, $830 million, and $800 million, respectively. Capitalized interest was $4 million, $3 million, and $6 million in the same periods, respectively. The cost of leased property and equipment under finance leases was $117 million and $131 million, with accumulated depreciation of $68 million and $60 million at October 30, 2022 and October 31, 2021, respectively.

For property and equipment, more than 10 percent resides in the U.S. and Germany, separately disclosed below in millions of dollars:

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2022

    

2021

    

2020

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U.S.

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$

3,452

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$

3,138

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$

3,150

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Germany

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991

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1,096

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1,113

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Other countries

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1,613

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1,586

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1,554

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Total

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$

6,056

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$

5,820

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$

5,817

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The cost of compliance with foreseeable environmental requirements has been accrued and did not have a material effect on the company’s consolidated financial statements.