v3.26.1
PROPERTY, PLANT AND EQUIPMENT
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
The following table summarizes our property, plant and equipment at June 30, 2026 and December 31, 2025:
Millions of dollarsJune 30, 2026December 31, 2025
Land$26 $26 
Buildings1,079 1,024 
Machinery and equipment6,800 6,691 
Accumulated depreciation(5,675)(5,547)
Property, plant and equipment, net $2,230 $2,194 
The net book value of assets disposed was $94 million and $4 million for the six months ended June 30, 2026 and 2025, respectively. The net gain on disposals was $23 million and not material for the six months ended June 30, 2026 and 2025, respectively.