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Property Plant and Equipment | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT | PROPERTY, PLANT AND EQUIPMENT The following table summarizes the components of property, plant and equipment (in millions) with their estimated useful lives (in years). The amounts are stated net of all prior asset impairment losses recognized.
| Estimated Useful Life |  | December 31,
| (in years) | 2024 |  | 2023
Electric generation and distribution facilities | 8-40 |  | $ | 29,740 |  |  | $ | 27,517 |
Other buildings | 3-48 |  | 1,232 |  |  | 1,239 |
Furniture, fixtures and equipment | 3-30 |  | 423 |  |  | 397 |
Other | 5-39 |  | 1,428 |  |  | 1,037 |
Total electric generation, distribution assets and other |  |  | 32,823 |  |  | 30,190 |
Accumulated depreciation |  |  | (8,701) |  |  | (8,602) |
Net electric generation, distribution assets and other |  |  | $ | 24,122 |  |  | $ | 21,588 |
Land |  |  | 610 |  |  | 522 |
Construction in progress |  |  | 8,434 |  |  | 7,848 |
Property, plant and equipment, net |  |  | $ | 33,166 |  |  | $ | 29,958 |
The following table summarizes depreciation expense (including the amortization of assets recorded under finance leases and the amortization of asset retirement obligations) and interest capitalized during development and construction on qualifying assets for the periods indicated (in millions):
Years Ended December 31, |  | 2024 |  | 2023 |  | 2022
Depreciation expense |  | $ | 1,146 |  |  | $ | 1,045 |  |  | $ | 982 |
Interest capitalized during development and construction |  | 637 |  |  | 563 |  |  | 224 |
Property, plant and equipment, net of accumulated depreciation, of $9.9 billion and $9.5 billion was mortgaged, pledged or subject to liens as of December 31, 2024 and 2023, respectively, including assets classified as held-for-sale. The following table summarizes non-regulated and regulated electric generation, distribution, and other property, plant and equipment and accumulated depreciation as of the dates indicated (in millions):
December 31, |  | 2024 |  | 2023
Non-regulated electric generation assets and other, gross |  | $ | 21,954 |  |  | $ | 20,195 |
Non-regulated accumulated depreciation |  | (4,704) |  |  | (4,777) |
Non-regulated electric generation assets and other, net |  | 17,250 |  |  | 15,418 |
Regulated electric generation, distribution assets and other, gross |  | 10,869 |  |  | 9,995 |
Regulated accumulated depreciation |  | (3,997) |  |  | (3,825) |
Regulated electric generation, distribution assets and other, net |  | 6,872 |  |  | 6,170 |
Net electric generation, distribution assets and other |  | $ | 24,122 |  |  | $ | 21,588 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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