v3.25.2
Property and Equipment, Net
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
NOTE 3 — PROPERTY AND EQUIPMENT, NET

The following table summarizes property and equipment, net as of June 30, 2025 and December 31, 2024:

June 30,
2025
December 31,
2024
(in millions)
Land and site improvements$1,334 $1,335 
Buildings and improvements1,413 1,380 
Transportation fleet557 545 
Software331 301 
Furniture, fixtures, and equipment155 147 
Total property and equipment excluding construction in progress3,790 3,708 
Less: accumulated depreciation and amortization on property and equipment(1,123)(994)
Property and equipment excluding construction in progress, net2,667 2,714 
Construction in progress55 59 
Property and equipment, net$2,722 $2,773 

Depreciation and amortization expense on property and equipment in cost of sales was $27 million and $35 million during the three months ended June 30, 2025 and 2024, respectively. Depreciation and amortization expense on property and equipment in selling, general and administrative expense was $37 million and $36 million during the three months ended June 30, 2025 and 2024, respectively.

Depreciation and amortization expense on property and equipment in cost of sales was $58 million and $74 million during the six months ended June 30, 2025 and 2024, respectively. Depreciation and amortization expense on property and equipment in selling, general and administrative expense was $74 million and $75 million during the six months ended June 30, 2025 and 2024, respectively.