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Supplemental Financial Information | 9 Months Ended
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Sep. 30, 2025
Supplemental Financial Information |
Supplemental Financial Information | Supplemental Financial InformationInterest Expense, Net
|  | Three months ended September 30, |  | Nine months ended September 30,
(in millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Interest expense |  | $ | 739 |  |  | $ | 720 |  |  | $ | 2,179 |  |  | $ | 2,106 |
Interest income |  | (72) |  |  | (129) |  |  | (207) |  |  | (556) |
Interest expense, net |  | $ | 667 |  |  | $ | 591 |  |  | $ | 1,972 |  |  | $ | 1,550 |
Inventories
(in millions) | September 30, 2025 |  | December 31, 2024
Finished goods | $ | 1,579 |  |  | $ | 1,173 |
Work-in-process | 2,277 |  |  | 1,951 |
Raw materials | 1,082 |  |  | 1,057 |
Inventories | $ | 4,938 |  |  | $ | 4,181 |
Property and Equipment, Net
(in millions) | September 30, 2025 |  | December 31, 2024
Property and equipment, gross | $ | 13,229 |  |  | $ | 12,267 |
Accumulated depreciation | (7,746) |  |  | (7,133) |
Property and equipment, net | $ | 5,483 |  |  | $ | 5,134 |
Depreciation expense was $192 million for the three months and $559 million for the nine months ended September 30, 2025 and $191 million for the three months and $558 million for the nine months ended September 30, 2024.

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