v3.26.1
Property, Plant and Equipment, Net
6 Months Ended
Jun. 30, 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):
June 30,
2026
December 31,
2025
Machinery, equipment, vehicles and office furniture$22,812 $20,864 
Land and buildings13,263 11,837 
AI infrastructure10,823 6,816 
Tooling4,979 4,868 
Leasehold improvements5,028 4,439 
Computer equipment, hardware and software3,423 3,206 
Construction in progress8,534 8,786 
Property, plant and equipment68,862 60,816 
Less: Accumulated depreciation(21,607)(20,173)
Property, plant and equipment, net$47,255 $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 and six months ended June 30, 2026 was $1.37 billion and $2.71 billion, respectively. Depreciation expense during the three and six months ended June 30, 2025 was $1.15 billion and $2.30 billion, respectively.