v3.25.2
Property, Plant and Equipment-Net (Tables)
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment, Net [Abstract]  
Components of property, plant and equipment-net
Property, plant and equipment—net consists of the following:
 June 30, 
2025		December 31, 
2024
 (in millions)
Land$109 $114 
Machinery and equipment13,720 13,801 
Buildings and improvements1,021 1,011 
Construction in progress800 482 
Property, plant and equipment(1)
15,650 15,408 
Less: Accumulated depreciation and amortization8,907 8,673 
Property, plant and equipment—net$6,743 $6,735 
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(1)As of June 30, 2025 and December 31, 2024, we had property, plant and equipment that was accrued but unpaid of $183 million and $101 million, respectively. As of June 30, 2024 and December 31, 2023, we had property, plant and equipment that was accrued but unpaid of $71 million and $68 million, respectively.
Summary of plant turnaround activity
The following is a summary of capitalized plant turnaround costs:
 Six months ended 
 June 30,
 20252024
 (in millions)
Net capitalized plant turnaround costs as of January 1$363 $352 
Additions90 38 
Depreciation(78)(95)
Effect of exchange rate changes and other4 (1)
Net capitalized plant turnaround costs as of June 30
$379 $294