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Fixed Assets | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Fixed Assets, Net | NOTE 8: FIXED ASSETS, NET Fixed assets, net, consisted of the following:
(dollars in millions) | Estimated Useful Lives |  | 2024 |  | 2023
Land |  |  | $ | 695 |  |  | $ | 743 |
Buildings and improvements | 10-45 years |  | 8,615 |  |  | 8,151 |
Machinery, tools, and equipment | 3-20 years |  | 19,738 |  |  | 18,904 |
Other, including assets under construction |  |  | 3,735 |  |  | 3,594 |
Fixed assets, gross |  |  | 32,783 |  |  | 31,392 |
Accumulated depreciation |  |  | (16,694) |  |  | (15,644) |
Fixed assets, net |  |  | $ | 16,089 |  |  | $ | 15,748 |
Leasehold improvements are amortized over the lesser of the remaining lease term or the estimated useful life of the improvement. Depreciation expense related to Fixed assets, net is recorded predominantly utilizing the straight-line method and was $1.8 billion in 2024, 2023, and 2022.

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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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