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PROPERTY, PLANT AND EQUIPMENT | 3 Months Ended
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Mar. 31, 2025
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT | PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment as of March 31, 2025 and December 31, 2024 consisted of the following (in millions):
| 2025 |  | 2024
Vehicles | $ | 11,954 |  |  | $ | 11,912 |
Aircraft | 23,751 |  |  | 23,768 |
Land | 2,114 |  |  | 2,104 |
Buildings | 6,851 |  |  | 6,714 |
Building and leasehold improvements | 5,716 |  |  | 5,601 |
Plant equipment | 18,731 |  |  | 18,495 |
Technology equipment | 2,781 |  |  | 2,735 |
Construction-in-progress | 1,824 |  |  | 1,967 |
| 73,722 |  |  | 73,296 |
Less: Accumulated depreciation and amortization | (36,472) |  |  | (36,117) |
Property, Plant and Equipment, Net | $ | 37,250 |  |  | $ | 37,179 |
Property, plant and equipment purchased on account was $160 and $227 million as of March 31, 2025 and December 31, 2024, respectively. There were no material impairment charges for the three months ended March 31, 2025 or 2024. We will continue to monitor our long-lived asset groups for impairment. Our Network of the Future initiative is intended to enhance our efficiency through automation and operational sort consolidation in our U.S. Domestic network. In connection with our plan for lower volumes from our largest customer, we began our Network Reconfiguration initiative, which is an expansion of Network of the Future and will lead to a reduction in the number of buildings, vehicles and aircraft in our network. As of March 31, 2025, accelerated depreciation and early retirements were not material. We continue to evaluate our network and it is reasonably possible that these plans will continue to result in revisions to our estimates of the useful lives and salvage values of certain of our long-lived assets. Any revision to these plans could accelerate depreciation expense and lead to the recognition of charges related to early retirements in future periods. For additional information, see note 17 to the unaudited, consolidated financial statements.

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