v3.26.1
Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant and Equipment
Note 3. Property, Plant and Equipment

Property, plant and equipment consisted of the following:
 As of June 30,
2026		As of December 31, 2025
 (in millions)
Land and land improvements$437 $404 
Buildings and building improvements4,007 3,963 
Machinery and equipment14,975 14,610 
Construction in progress917 1,085 
20,336 20,062 
Accumulated depreciation(9,687)(9,395)
Property, plant and equipment, net$10,649 $10,667 

For the six months ended June 30, 2026, capital expenditures of $654 million excluded $346 million of accrued capital expenditures remaining unpaid at June 30, 2026 and included payment for the $481 million of capital expenditures that were accrued and unpaid at December 31, 2025. For the six months ended June 30, 2025, capital expenditures of $582 million excluded $366 million of accrued capital expenditures remaining unpaid at June 30, 2025 and included payment for the $458 million of capital expenditures that were accrued and unpaid at December 31, 2024.