Property, Plant and Equipment

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Note 4. Property, Plant and Equipment

Property, plant and equipment consisted of the following:


	As of September 30, 2025		As of December 31, 2024
	(in millions)
Land and land improvements	$	399	$	373
Buildings and building improvements	3,792		3,453
Machinery and equipment	14,299		12,732
Construction in progress	1,047		1,058
	19,537		17,616
Accumulated depreciation	(9,204)		(8,135)
Property, plant and equipment, net	$	10,333	$	9,481

For the nine months ended September 30, 2025, capital expenditures of $881 million excluded $408 million of accrued capital expenditures remaining unpaid at September 30, 2025 and included payment for the $458 million of capital expenditures that were accrued and unpaid at December 31, 2024. For the nine months ended September 30, 2024, capital expenditures of $982 million excluded $387 million of accrued capital expenditures remaining unpaid at September 30, 2024 and included payment for the $471 million of capital expenditures that were accrued and unpaid at December 31, 2023.