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Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Note 4. Property, Plant and Equipment

Property, plant and equipment consisted of the following:
 As of December 31,
 20242023
 (in millions)
Land and land improvements$373 $384 
Buildings and building improvements3,453 3,452 
Machinery and equipment12,732 12,736 
Construction in progress1,058 1,118 
17,616 17,690 
Accumulated depreciation(8,135)(7,996)
Property, plant and equipment, net$9,481 $9,694 

Capital expenditures as presented on the statement of cash flow were approximately $1.4 billion, $1.1 billion and $0.9 billion for the years ending December 31, 2024, 2023 and 2022, respectively, and excluded $458 million, $471 million and $324 million, respectively, for accrued capital expenditures not yet paid.