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Property, Plant and Equipment-Net (Tables) | 3 Months Ended
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Mar. 31, 2026
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization [Abstract] |
Components of property, plant and equipment-net | Property, plant and equipment—net consists of the following:
| March 31, 2026 |  | December 31, 2025
| (in millions)
Land | $ | 108 |  |  | $ | 109 |
Machinery and equipment | 14,014 |  |  | 13,957 |
Buildings and improvements | 1,048 |  |  | 1,043 |
Construction in progress | 801 |  |  | 709 |
Property, plant and equipment(1) | 15,971 |  |  | 15,818 |
Less: Accumulated depreciation and amortization | 9,247 |  |  | 9,103 |
Property, plant and equipment—net | $ | 6,724 |  |  | $ | 6,715 |
_______________________________________________________________________________ (1)As of March 31, 2026 and December 31, 2025, we had property, plant and equipment that was accrued but unpaid of $138 million and $118 million, respectively. As of March 31, 2025 and December 31, 2024, we had property, plant and equipment that was accrued but unpaid of $87 million and $101 million, respectively.
Summary of plant turnaround activity | The following is a summary of capitalized plant turnaround costs:
| Three months ended March 31,
| 2026 |  | 2025
| (in millions)
Net capitalized plant turnaround costs as of January 1 | $ | 427 |  |  | $ | 363 |
Additions | 69 |  |  | 20 |
Depreciation | (39) |  |  | (37) |
Effect of exchange rate changes and other | (2) |  |  | (3) |
Net capitalized plant turnaround costs as of March 31 | $ | 455 |  |  | $ | 343 |

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- Definition Tabular disclosure of expenditures related to plant turnarounds, which are capitalized into property, plant and equipment when incurred. + References No definition available. + Details
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- Definition Tabular disclosure of the salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. + References No definition available. + Details
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- References No definition available. + Details
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