v3.25.2
FIXED ASSETS, NET
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
FIXED ASSETS, NET FIXED ASSETS, NET
Fixed assets, net consisted of the following:

(In millions)Estimated Useful Lives (Years)20242023
Land$169 $109 
Buildings and improvements
20 to 40
1,325 1,083 
Machinery, tools and equipment
3 to 25
2,947 2,520 
Rental assets
3 to 12
355 346 
Other, including assets under construction715 415 
Fixed assets, gross5,511 4,473 
Accumulated depreciation(2,512)(2,313)
Fixed assets, net$2,999 $2,160 

Depreciation expense was $385 million, $270 million and $224 million for the years ended December 31, 2024, 2023 and 2022, respectively.