v3.25.4
Property, Plant and Equipment, Net
12 Months Ended
Dec. 31, 2025
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):
December 31,
2025
December 31,
2024
Machinery, equipment, vehicles and office furniture$20,864 $18,339 
Land and buildings11,837 10,677 
AI infrastructure6,816 5,152 
Tooling4,868 3,883 
Leasehold improvements4,439 3,688 
Computer equipment, hardware and software3,206 2,902 
Construction in progress8,786 6,783 
Property, plant and equipment60,816 51,424 
Less: Accumulated depreciation(20,173)(15,588)
Property, plant and equipment, net$40,643 $35,836 
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. Completed assets are transferred to their respective asset classes and depreciation begins when an asset is ready for its intended use.
Depreciation expense during the years ended December 31, 2025, 2024 and 2023 was $5.03 billion, $4.12 billion and $3.33 billion, respectively.