v3.26.1
Property, plant and equipment, net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, plant and equipment, net Note 7. Property, plant and equipment, net
As of
As of
(In millions)
June 30, 2026
December 31, 2025
Land and mineral reserves
$3,620
$3,339
Buildings and installations
3,055
3,035
Machines, furniture, vehicles and tools
9,897
9,656
Construction in progress
692
470
Finance lease right-of-use assets
635
551
Total property, plant and equipment
17,899
17,051
Less: accumulated depreciation, depletion and impairment
(9,445)
(9,115)
Property, plant and equipment, net
$8,454
$7,936
Depreciation and depletion expense was $217 million and $187 million for the three months ended June 30,
2026 and 2025, respectively, and $416 million and $368 million for the six months ended June 30, 2026 and
2025, respectively. Depreciation expense is recorded within Cost of revenues and Selling, general and
administrative expenses on the unaudited condensed consolidated statements of operations and depletion
expense is recorded within Cost of revenues on the unaudited condensed consolidated statements of
operations.
The Company recorded $2 million of impairment charges for the three and six months ended June 30, 2026,
and $2 million for the three and six months ended June 30, 2025.
The Company recorded gains on disposals of long-lived assets of $3 million and $4 million for the three
months ended June 30, 2026 and 2025, respectively, and $8 million and $5 million for the six months ended
June 30, 2026 and 2025, respectively.