v3.25.4

Property, Plant, and Equipment (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Property, plant, and equipment were composed of the following:
| December 31,
Millions of Dollars | 2025 | 2024
Land | $104 | $119
Buildings and property improvements | 1,697 | 1,751
Machinery, equipment, and other | 16,076 | 15,704
Total property, plant, and equipment | 17,877 | 17,574
Accumulated depreciation | (12,616) | (12,461)
Net property, plant, and equipment | $5,261 | $5,113
Percentages Of Property Plant Equipment Depreciated Over Useful Lives | Classes of assets are depreciated over the following useful lives:
| Buildings and Property Improvements
| 2025 | 2024
1 - 10 years | 17% | 17%
11 - 20 years | 40% | 40%
21 - 30 years | 26% | 26%
31 - 40 years | 17% | 17%
| Machinery, Equipment, and Other
| 2025 | 2024
1 - 5 years | 45% | 46%
6 - 10 years | 46% | 45%
11 - 20 years | 9% | 9%

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- Definition Tabular disclosure of the percentages that building and property improvements, total machinery, equipment and other, excluding oil and natural gas investments, are depreciated over their useful lives. + References No definition available. + Details
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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
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