v3.25.3
PROPERTY, PLANT, AND EQUIPMENT
9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT, AND EQUIPMENT PROPERTY, PLANT, AND EQUIPMENT
September 30, 2025
December 31, 2024
Original cost
$12,938
$12,207
Less: Accumulated depreciation and amortization
(8,142)
(7,729)
Right-of-use operating lease assets
758
671
Property, plant, and equipment – net
$5,555
$5,150
Depreciation and amortization related to property, plant, and equipment was $152 million and $336 million in the three months ended and
$446 million and $715 million in the nine months ended September 30, 2025 and 2024, respectively.
In the third quarter of 2024, we recognized a non-cash pre-tax impairment charge of $108 million related to property, plant, and equipment
due to restructuring at our Hydro Power business, which is included in depreciation and amortization. This charge was recorded in Cost of
sales in our Consolidated and Combined Statement of Income (Loss). See Note 22 for further information.