v3.26.1
Long-Term Assets
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Long-Term Assets
(4) Long-Term Assets
Property, Plant, and Equipment

Property, plant, and equipment, net consisted of the following:
(in millions)June 30, 2026December 31, 2025
Machinery and equipment $4,519 $4,480 
Buildings and improvements153 153 
ROU finance leases125 123 
Land and improvements76 75 
Furniture and fixtures32 30 
Construction in progress255 215 
Other15 15 
5,175 5,091 
Less: Accumulated depreciation and amortization(3,154)(3,041)
Total property, plant, and equipment, net$2,021 $2,050 
For the three and six months ended June 30, 2026, depreciation and amortization expense related to property, plant, and equipment was $59 million and $116 million, respectively, compared to $59 million and $115 million for the three and six months ended June 30, 2025, respectively. For the three and six months ended June 30, 2026, capitalized interest was $2 million and $5 million, respectively, compared to $2 million and $5 million for the three and six months ended June 30, 2025, respectively.
Other Long-Term Assets
As of June 30, 2026 and December 31, 2025, Other long-term assets included turnaround assets, net of accumulated amortization of $204 million and $242 million, respectively. For the three and six months ended June 30, 2026, amortization expense related to turnaround assets was $18 million and $40 million, respectively, compared to $18 million and $29 million for the three and six months ended June 30, 2025.