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Property, Plant, and Equipment, Net
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment, Net PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment consisted of the following amounts:
(DOLLARS IN MILLIONS)June 30, 2025December 31, 2024
Asset Type
Land$139 $136 
Buildings and improvements1,798 1,688 
Machinery and equipment3,713 3,447 
Information technology561 507 
Construction in process405 389 
Total Property, plant and equipment6,616 6,167 
Accumulated depreciation(2,711)(2,428)
Total Property, plant and equipment, net$3,905 $3,739 
Depreciation expense was $97 million and $93 million for the three months ended June 30, 2025 and 2024, respectively, and $190 million and $203 million for the six months ended June 30, 2025 and 2024, respectively.
Interest incurred during the construction period of certain property, plant and equipment is capitalized until the underlying assets are placed in service, at which time straight-line amortization of the capitalized interest begins over the estimated useful lives of the related assets. Capitalized interest was approximately $3 million and $3 million for the three months ended June 30, 2025 and 2024, and approximately $6 million and $7 million for the six months ended June 30, 2025 and 2024.