
	As of	As of
(In millions)	March 31, 2026	December 31, 2025
Land and mineral reserves	$3,618	$3,337
Buildings and installations	3,031	3,027
Machines, furniture, vehicles and tools	9,705	9,552
Construction in progress	613	470
Finance lease right-of-use assets	564	547
Total property, plant and equipment	17,531	16,933
Less: accumulated depreciation, depletion and impairment	(9,165)	(8,998)
Property, plant and equipment, net	$8,366	$7,935

Depreciation and depletion expense was $198 million and $181 million for the three months ended March 31,

2026 and 2025, respectively. Depreciation expense is recorded within Cost of revenues and Selling, general

and administrative expenses on the unaudited condensed consolidated statements of operations and

depletion expense is recorded within Cost of revenues on the unaudited condensed consolidated statements

The Company recorded gains on disposals of long-lived assets of $5 million and $1 million for the three