PROPERTY, PLANT, AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

The following table summarizes the components of “Property, plant, and equipment, net” on the Condensed Consolidated Balance Sheets (in millions):


	December 31, 2024		June 30, 2025
Land, buildings, and building improvements	$	1,085	$	1,093
Leasehold improvements	502		559
Machinery, equipment, vehicles, and office furniture	3,925		4,063
Computer equipment, hardware, and software	610		654
Construction in progress	621		1,194
Total property, plant, and equipment	6,743		7,563
Accumulated depreciation and amortization	(2,778)		(3,142)
Total property, plant, and equipment, net	$	3,965	$	4,421

Depreciation and amortization expense for property, plant and equipment was $269 million and $186 million for the three months ended June 30, 2024 and 2025, respectively, and $543 million and $375 million for the six months ended June 30, 2024 and 2025, respectively.