XML 27 R17.htm IDEA: XBRL DOCUMENT v3.25.3
Property, Plant, and Equipment, Net
 9 Months Ended
Sep. 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)September 30, 2025December 31, 2024
Asset Type
Land$136 $137 
Buildings and improvements1,761 1,690 
Machinery and equipment3,667 3,466 
Information technology571 514 
Construction in process475 360 
Total Property, plant and equipment6,610 6,167 
Accumulated depreciation(2,742)(2,428)
Total Property, plant and equipment, net$3,868 $3,739 
Depreciation expense was $101 million and $102 million for the three months ended September 30, 2025 and 2024, respectively, and $291 million and $305 million for the nine months ended September 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 for each of the three months ended September 30, 2025 and 2024, respectively, and approximately $9 million and $10 million for each of the nine months ended September 30, 2025 and 2024, respectively.