v3.25.4
Property, plant and equipment including equipment held for lease (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Line Items]  
Schedule of depreciation expense

Property, plant and equipment depreciation expense for each of the three years ending December 31, 2025 is summarized below (in millions).

 

 

 

2025

 

 

2024

 

 

2023

 

Insurance and other

 

$

3,245

 

 

$

3,117

 

 

$

2,898

 

Railroad, utilities and energy

 

 

6,901

 

 

 

6,514

 

 

 

6,494

 

 

$

10,146

 

 

$

9,631

 

 

$

9,392

 

 

Insurance and Other [Member]  
Property, Plant and Equipment [Line Items]  
Schedule of property, plant and equipment

A summary of property, plant and equipment of our insurance and other businesses follows (in millions).

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Land, buildings and improvements

 

$

22,034

 

 

$

20,735

 

Machinery and equipment

 

 

34,733

 

 

 

32,475

 

Furniture, fixtures and other

 

 

6,212

 

 

 

5,501

 

 

 

62,979

 

 

 

58,711

 

Accumulated depreciation

 

 

(31,094

)

 

 

(28,640

)

 

$

31,885

 

 

$

30,071

 

Railroad, Utilities and Energy [Member]  
Property, Plant and Equipment [Line Items]  
Schedule of property, plant and equipment

A summary of property, plant and equipment of our railroad, utilities and energy businesses follows (in millions). The utility generation, transmission and distribution systems and interstate natural gas pipeline assets are owned by regulated public utility and natural gas pipeline subsidiaries.

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Railroad:

 

 

 

 

 

 

Land, track structure and other roadway

 

$

76,764

 

 

$

74,093

 

Locomotives, freight cars and other equipment

 

 

15,772

 

 

 

15,766

 

Construction in progress

 

 

2,163

 

 

 

1,813

 

 

 

94,699

 

 

 

91,672

 

Accumulated depreciation

 

 

(22,327

)

 

 

(20,411

)

 

 

72,372

 

 

 

71,261

 

Utilities and energy:

 

 

 

 

 

 

Utility generation, transmission and distribution systems

 

$

109,815

 

 

$

103,015

 

Interstate natural gas pipeline assets

 

 

21,334

 

 

 

20,237

 

Independent power plants and other

 

 

15,630

 

 

 

14,840

 

Construction in progress

 

 

10,591

 

 

 

8,793

 

 

 

157,370

 

 

 

146,885

 

Accumulated depreciation

 

 

(45,002

)

 

 

(43,116

)

 

 

112,368

 

 

 

103,769

 

 

$

184,740

 

 

$

175,030