v3.25.2
Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Note 4. Property, Plant and Equipment

Property, plant and equipment consisted of the following:
 As of June 30,
2025		As of December 31, 2024
 (in millions)
Land and land improvements$404 $373 
Buildings and building improvements3,807 3,453 
Machinery and equipment14,227 12,732 
Construction in progress1,024 1,058 
19,462 17,616 
Accumulated depreciation(9,149)(8,135)
Property, plant and equipment, net$10,313 $9,481 

For the six months ended June 30, 2025, capital expenditures of $582 million excluded $366 million of accrued capital expenditures remaining unpaid at June 30, 2025 and included payment for the $458 million of capital expenditures that were accrued and unpaid at December 31, 2024. For the six months ended June 30, 2024, capital expenditures of $666 million excluded $364 million of accrued capital expenditures remaining unpaid at June 30, 2024 and included payment for the $471 million of capital expenditures that were accrued and unpaid at December 31, 2023.