_394 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 5 FINANCIAL PERFORMANCE 2023 consolidated financial statements Note 14. PROPERTY, PLANT AND EQUIPMENT AND RIGHT-OF-USE ASSETS 14.1 Property, plant and equipment Changes in property, plant and equipment are as follows: (in € millions) Land and buildings Plant and industrial equipment Other equipment Total Gross carrying amounts at January 1, 2022 7,067 21,439 1,537 30,043 Translation adjustments 154 600 15 769 Acquisitions 377 1,415 127 1,919 Disposals (77) (463) (47) (587) Changes in scope of consolidation 15 12 197 224 Transfers and other 41 (29) 1 13 Gross carrying amounts at December 31, 2022 7,577 22,974 1,830 32,381 Translation adjustments (107) (410) (30) (547) Acquisitions 350 1,511 143 2,004 Disposals (94) (534) (49) (677) Changes in scope of consolidation (21) (27) 5 (43) Transfers and other (33) 22 1 (10) Gross carrying amounts at December 31, 2023 7,672 23,536 1,900 33,108 Depreciation and impairment at January 1, 2022 (3,407) (14,298) (1,107) (18,812) Translation adjustments (59) (376) (20) (455) Depreciation (201) (1,132) (85) (1,418) Net impairment (14) (16) (6) (36) Disposals 56 418 38 512 Changes in scope of consolidation (4) (7) (14) (25) Transfers and other (14) (6) 9 (11) Depreciation and impairment at December 31, 2022 (3,643) (15,417) (1,185) (20,245) Translation adjustments 67 305 21 393 Depreciation (205) (1,160) (91) (1,456) Net impairment (30) (150) (78) (258) Disposals 48 521 45 614 Changes in scope of consolidation 40 49 11 100 Transfers and other (4) 7 1 4 Depreciation and impairment at December 31, 2023 (3,727) (15,845) (1,276) (20,848) NET CARRYING AMOUNTS AT DECEMBER 31, 2023 3,945 7,691 624 12,260 Net carrying amounts at December 31, 2022 3,934 7,557 645 12,136 PP&E in progress amounted to €2,589 million (2022: €2,433 million). Accumulated impairment losses included in total "Depreciation and impairment" at December 31, 2023 amounted to €645 million (2022: €487 million).
RkJQdWJsaXNoZXIy NzMxNTcx