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
The following table summarizes the components of “Property, plant, and equipment, net” on the Condensed Consolidated Balance Sheets (in millions):

December 31, 2025June 30, 2026
Computer equipment, hardware, and software$699 $747 
Land, buildings, and building improvements1,261 1,733 
Leasehold improvements634 684 
Machinery, equipment, vehicles, and office furniture4,152 5,749 
Construction in progress1,712 380 
Total property, plant, and equipment8,458 9,293 
Accumulated depreciation and amortization(3,339)(3,736)
Total property, plant, and equipment, net$5,119 $5,557 

Depreciation and amortization expense for property, plant and equipment was $186 million and $227 million for the three months ended June 30, 2025 and 2026, respectively, and $375 million and $412 million for the six months ended June 30, 2025 and 2026, respectively.

In April 2026, the Company’s Normal Factory experienced severe weather, and certain buildings, machinery, equipment, and vehicles sustained damage. As a result, the carrying values of certain fixed assets presented in “Property, plant, and equipment, net” on the Condensed Consolidated Balance Sheets were written down by an immaterial amount during the three months ended June 30, 2026. The immaterial impairment charge was offset by corresponding insurance recoveries. The Company is continuing to assess the financial impact of the event and may incur additional costs in future periods, which together with anticipated insurance recoveries are not expected to have a material effect on the condensed consolidated financial statements.