v3.26.3
PROPERTY, PLANT AND EQUIPMENT
9 Months Ended
Sep. 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 September 30, 2026 and December 31, 2025:
Millions of dollarsSeptember 30, 2026December 31, 2025
Land$26 $26 
Buildings1,081 1,024 
Machinery and equipment6,882 6,691 
Accumulated depreciation(5,771)(5,547)
Property, plant and equipment, net $2,219 $2,194 
The net book value of assets disposed was $128 million and $6 million for the nine months ended September 30, 2026 and 2025, respectively. Excluding the impact of the sale leaseback transactions noted in Note 1 of the Consolidated Condensed Financial Statements, the net gain on disposals was not material for the nine months ended September 30, 2026 and 2025, respectively.