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Property, Plant and Equipment, net
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, net

4. Property, Plant and Equipment, net

Property, plant and equipment consist of (in millions):

 

Estimated
Useful Lives

March 31, 2025

 

 

December 31, 2024

 

Information technology assets

 

1-7 Years

 

$

46

 

 

$

45

 

Operating equipment (1)

 

2-15 Years

 

 

154

 

 

 

152

 

Buildings and land (2)

 

5-35 Years

 

 

100

 

 

 

100

 

Finance lease right-of-use assets

 

2-7 Years

 

 

46

 

 

 

46

 

Construction in progress

 

 

 

 

4

 

 

 

3

 

Total property, plant and equipment

 

 

 

 

350

 

 

 

346

 

Less: accumulated depreciation

 

 

 

 

(195

)

 

 

(189

)

Property, plant and equipment, net

 

 

 

$

155

 

 

$

157

 

 

(1)
Includes rental equipment.
(2)
Land has an indefinite life.