v3.25.4
Property and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment is stated on the basis of cost. Provisions for depreciation of buildings and equipment are computed generally by the straight-line method at rates based on their estimated useful lives (12 to 50 years for buildings and three to 25 years for equipment). We review the carrying value of long-lived assets for potential impairment on a periodic basis and whenever events or changes in circumstances indicate the carrying value of an asset may not be recoverable. Impairment is determined by comparing projected undiscounted cash flows to be generated by the asset to its carrying value. If an impairment is identified, a loss is recorded equal to the excess of the asset's net book value over its fair value, and the cost basis is adjusted.
At December 31, property and equipment consisted of the following:
20252024
Land$647 $382 
Buildings10,088 8,807 
Equipment13,486 11,458 
Construction in progress13,013 8,245 
37,235 28,891 
Less accumulated depreciation(12,560)(11,789)
Property and equipment, net$24,675 $17,102 
Depreciation expense related to property and equipment was as follows:
202520242023
Depreciation expense$1,314 $1,058 $902 
The following table summarizes long-lived assets by geographical area:
20252024
Long-lived assets(1):
U.S. and Puerto Rico$18,764 $13,402 
Ireland4,321 3,205 
Rest of world3,516 2,159 
Long-lived assets$26,601 $18,765 
(1) Long-lived assets consist of property and equipment, net, operating lease assets, and unamortized computer software costs.