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v3.24.4

Property, Plant and Equipment, net | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment, net | Property, Plant and Equipment, net Property, plant and equipment, net consisted of the following (in millions):
|  | 2024 |  | 2023
Land |  | $ | 143 |  |  | $ | 144 |
Buildings |  | 9,624 |  |  | 9,049 |
Machinery and equipment |  | 10,399 |  |  | 9,908 |
Construction in progress |  | 2,053 |  |  | 2,081 |
Total property, plant and equipment |  | 22,219 |  |  | 21,182 |
Less: accumulated depreciation |  | (13,493) |  |  | (12,812) |
Total property, plant and equipment, net |  | $ | 8,726 |  |  | $ | 8,370 |
Depreciation expense related to plant and equipment was $967 million in 2024, $920 million in 2023 and $903 million in 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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