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Property, plant and equipment, net | 6 Months Ended
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Jun. 30, 2025
Property, Plant and Equipment [Abstract] |
Property, plant and equipment, net | Property, plant and equipment, net Property, plant and equipment, net was as follows:
|  | As of |  | As of
(In millions) |  | June 30, 2025 |  | December 31, 2024
Land and mineral reserves |  | $3,435 |  | $3,361
Buildings and installations |  | 2,997 |  | 2,948
Machines, furniture, vehicles and tools |  | 9,315 |  | 9,001
Construction in progress |  | 591 |  | 439
Finance lease right-of-use assets |  | 366 |  | 334
Total property, plant and equipment |  | 16,704 |  | 16,083
Less: accumulated depreciation, depletion and impairment |  | (8,913) |  | (8,549)
Property, plant and equipment, net |  | $7,791 |  | $7,534
Depreciation and depletion expense was $182 million for each of the three months ended June 30, 2025 and 2024 and $363 million and $353 million for the six months ended June 30, 2025 and 2024, respectively. Depreciation expense is recorded within Cost of revenues and Selling, general and administrative expenses on the unaudited condensed consolidated statements of operations and depletion expense is recorded within Cost of revenues on the unaudited condensed consolidated statements of operations. The Company recorded impairment charges of $2 million for each of the three and six months ended June 30, 2025 and 2024 related to assets no longer in service. Asset impairments are included in Loss on impairments on the unaudited condensed consolidated statements of operations. The Company recorded gains on disposals of long-lived assets of $4 million and $5 million for the three months ended June 30, 2025 and 2024, respectively, and $5 million and $6 million for the six months ended June 30, 2025 and 2024, respectively.

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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