v3.26.1
Property, Plant and Equipment, Net
3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net Property, Plant and Equipment, Net
Our property, plant and equipment, net, consisted of the following (in millions):
March 31,
2026
December 31,
2025
Machinery, equipment, vehicles and office furniture$21,788 $20,864 
Land and buildings12,558 11,837 
AI infrastructure7,690 6,816 
Tooling4,924 4,868 
Leasehold improvements4,608 4,439 
Computer equipment, hardware and software3,367 3,206 
Construction in progress9,629 8,786 
Property, plant and equipment64,564 60,816 
Less: Accumulated depreciation(21,351)(20,173)
Property, plant and equipment, net$43,213 $40,643 
Construction in progress is primarily comprised of ongoing construction and expansion of our facilities, equipment and tooling related to the manufacturing of our products as well as AI-related assets which have not yet been placed in service.
Depreciation expense during the three months ended March 31, 2026 and 2025 was $1.34 billion and $1.15 billion, respectively.