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Property, Plant and Equipment, Net
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net Property, Plant and Equipment, Net
Our property, plant and equipment, net, consisted of the following (in millions):
June 30,
2024
December 31,
2023
Machinery, equipment, vehicles and office furniture$17,363 $16,309 
Land and buildings10,280 9,498 
Leasehold improvements3,398 3,136 
Tooling3,616 3,129 
Computer equipment, hardware and software2,649 2,409 
AI infrastructure2,468 1,510 
Construction in progress6,776 5,791 
 46,550 41,782 
Less: Accumulated depreciation(13,648)(12,057)
Total$32,902 $29,725 
Construction in progress is primarily comprised of ongoing construction and expansion of our facilities, equipment and tooling related to the manufacturing of our products as well as AI-related assets which have not yet been placed in service.
Depreciation expense during the three and six months ended June 30, 2024 was $981 million and $1.91 billion, respectively. Depreciation expense during the three and six months ended June 30, 2023 was $816 million and $1.54 billion, respectively.