v3.26.3
Property, Plant, and Equipment, Net
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant, and Equipment, Net PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment consisted of the following amounts:
(DOLLARS IN MILLIONS)September 30, 2026December 31, 2025
Asset Type
Land$57 $62 
Buildings and improvements1,375 1,359 
Machinery and equipment2,565 2,506 
Information technology667 594 
Construction in process227 318 
Total Property, plant and equipment4,891 4,839 
Accumulated depreciation(2,243)(2,154)
Total Property, plant and equipment, net$2,648 $2,685 
Depreciation expense was $78 million and $67 million for the three months ended September 30, 2026 and 2025, respectively, and $218 million and $193 million for the nine months ended September 30, 2026 and 2025, respectively.
Interest incurred during the construction period of certain property, plant and equipment is capitalized until the underlying assets are placed in service, at which time straight-line amortization of the capitalized interest begins over the estimated useful lives of the related assets. Capitalized interest was approximately $2 million and $3 million for the three months ended September 30, 2026 and 2025, and approximately $9 million for the nine months ended September 30, 2026 and 2025.