v3.25.4

Property, Plant, and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2025
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment Disclosure | 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
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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