v3.25.2
PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
The following table summarizes our property, plant and equipment at June 30, 2025 and December 31, 2024:
Millions of dollarsJune 30, 2025December 31, 2024
Land$36 $36 
Buildings1,047 981 
Machinery and equipment6,803 6,673 
Accumulated depreciation(5,585)(5,414)
Property, plant and equipment, net $2,300 $2,275 
During the six months ended June 30, 2025, we disposed of land, buildings, machinery and equipment with a net book value of $4 million, compared to $16 million in the same period of 2024. The net loss on the disposals was not material for the six months ended June 30, 2025 and 2024, respectively.