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Property, Plant and Equipment, Net | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment, Net |
Property, Plant and Equipment, Net | 10. Property, Plant and Equipment, Net Property, plant and equipment, net consists of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | December 31,
​ |  | Useful Life |  | 2024 |  | 2023
​ | ​ | (in years) | ​ | ​ | (in millions)
Land | ​ | ​ | ​ | ​ | $ | 335 | ​ | $ | 332
Buildings and improvements | ​ |  | 1 – 40 | ​ |  | 1,129 |  |  | 1,058
Machinery, equipment and furniture | ​ |  | 1 – 30 | ​ |  | 6,209 |  |  | 6,083
Assets leased to others | ​ |  | 5 – 39 | ​ |  | 320 |  |  | 334
Financing leases | ​ |  | 1 – 10 | ​ |  | 143 |  |  | 118
Construction in progress | ​ |  | ​ | ​ |  | 261 | ​ |  | 275
​ | ​ |  | ​ | ​ |  | 8,397 | ​ |  | 8,200
Less: Accumulated depreciation and amortization | ​ |  | ​ | ​ |  | (4,554) | ​ |  | (4,231)
Property, plant and equipment, net | ​ | ​ | ​ | ​ | $ | 3,843 | ​ | $ | 3,969
​ Depreciation and amortization expense related to property, plant and equipment for the years ended December 31, 2024, 2023 and 2022 was $400 million, $384 million and $384 million, respectively.

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