v3.25.4
PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment – net consist of the following (in millions):
December 31,
 20252024
Property$93 $76 
Plant374 348 
Equipment666 587 
Leasehold improvements63 60 
Construction in progress79 111 
Property, plant and equipment – gross1,275 1,182 
Less: Accumulated depreciation(515)(468)
Property, plant and equipment – net$760 $714 

Depreciation expense was $69 million, $58 million and $52 million for the years ended December 31, 2025, 2024 and 2023, respectively.