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PROPERTY, PLANT AND EQUIPMENT
9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment – net consist of the following (in millions):
September 30,
2026
December 31,
2025
Property - Land and land improvements
$123 $93 
Plant - Building and building improvements
466 374 
Equipment814 666 
Leasehold improvements67 63 
Construction in progress78 79 
Property, plant and equipment – gross 1,548 1,275 
Less: Accumulated depreciation(582)(515)
Property, plant and equipment – net$966 $760 

Depreciation expense was $26 million and $18 million for the three months ended September 30, 2026 and 2025, respectively, and $73 million and $50 million for the nine months ended September 30, 2026 and 2025, respectively.