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Property and Equipment, Net
9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
NOTE 3 — PROPERTY AND EQUIPMENT, NET

The following table summarizes property and equipment, net as of September 30, 2025 and December 31, 2024:

September 30,
2025
December 31,
2024
(in millions)
Land and site improvements$1,334 $1,335 
Buildings and improvements1,427 1,380 
Transportation fleet589 545 
Software343 301 
Furniture, fixtures, and equipment159 147 
Total property and equipment excluding construction in progress3,852 3,708 
Less: accumulated depreciation and amortization on property and equipment(1,185)(994)
Property and equipment excluding construction in progress, net2,667 2,714 
Construction in progress60 59 
Property and equipment, net$2,727 $2,773 

Depreciation and amortization expense on property and equipment in cost of sales was $27 million and $33 million during the three months ended September 30, 2025 and 2024, respectively. Depreciation and amortization expense on property and equipment in selling, general and administrative expense was $35 million and $36 million during the three months ended September 30, 2025 and 2024, respectively.

Depreciation and amortization expense on property and equipment in cost of sales was $85 million and $107 million during the nine months ended September 30, 2025 and 2024, respectively. Depreciation and amortization expense on property and equipment in selling, general and administrative expense was $109 million and $111 million during the nine months ended September 30, 2025 and 2024, respectively.