v3.26.1
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment
NOTE 5—Property, plant and equipment:
Property, plant and equipment, net, consisted of the following:


    
December 31,
  
    
2025
     
2024
  
    
(U.S. $ in millions)
  
Machinery and equipment
    $ 3,332      $ 3,092  
Buildings
      2,327        1,968  
Internal-use software, computer equipment and other assets
      2,514        2,388  
Assets under construction and payments on account
      377        1,330  
Land
      258        213  
  
 
 
     
 
 
  
     8,807        8,991  
Less- accumulated depreciation
      (4,728 )       (4,410 ) 
  
 
 
     
 
 
  
   $ 4,080      $ 4,581  
  
 
 
     
 
 
  
Depreciation expenses
 were $
421
 million, $
471
 million and $
537
 million in the years ended December 31, 2025, 2024 and 2023, respectively. During the years ended December 31, 2025, 2024 and 2023, Teva recorded impairments of property, plant and equipment in the amount of $
755
 million, $
61
 million and $
28
 million, respectively. See note 15.