
	June 30,	December 31,
	2025	2024
Land and buildings	$5,805	$5,337
Plant and equipment	24,191	22,306
Construction-in-progress	1,503	1,517
Finance lease right-of-use assets	447	419
Property, plant and equipment at cost, excluding forestlands	31,946	29,579
Less: Accumulated depreciation and impairment	(9,134)	(7,155)
Property, plant and equipment, net, excluding forestlands	$22,812	$22,424
Forestlands, net of depletion	285	251
Property, plant and equipment, net	$23,097	$22,675

Depreciation and depletion expense for the three months ended June 30, 2025 and 2024 was $575 million and $149 million,

respectively and for the six months ended June 30, 2025 and 2024, was $1,144 million and $285 million, respectively. This is

recognized within “Cost of goods sold” and “Selling, general and administrative expenses” in the Condensed Consolidated Statements

Non-cash additions to property, plant and equipment included within accounts payable were $289 million and $384 million at June 30,

Of the $167 million impairment charges recognized for property, plant and equipment for the three and six months ended June 30,

2025, $156 million was recognized in the North America segment and $11 million was recognized in the Europe, MEA and APAC

segment. Refer to “Note 5. Impairment and Restructuring Costs” for details of the impairment charges recognized.