v3.26.1
Property, Plant and Equipment-Net (Tables)
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization [Abstract]  
Components of property, plant and equipment-net
Property, plant and equipment—net consists of the following:
June 30, 
2026		December 31, 
2025
(in millions)
Land$109 $109 
Machinery and equipment14,008 13,957 
Buildings and improvements1,038 1,043 
Construction in progress988 709 
Property, plant and equipment(1)
16,143 15,818 
Less: Accumulated depreciation and amortization9,385 9,103 
Property, plant and equipment—net$6,758 $6,715 
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(1)As of June 30, 2026 and December 31, 2025, we had property, plant and equipment that was accrued but unpaid of $157 million and $118 million, respectively. As of June 30, 2025 and December 31, 2024, we had property, plant and equipment that was accrued but unpaid of $183 million and $101 million, respectively.
Summary of plant turnaround activity
The following is a summary of capitalized plant turnaround costs:
Six months ended 
 June 30,
20262025
(in millions)
Net capitalized plant turnaround costs as of January 1$427 $363 
Additions110 90 
Depreciation(83)(78)
Effect of exchange rate changes and other(4)4 
Net capitalized plant turnaround costs as of June 30
$450 $379