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Quarterly report [Sections 13 or 15(d)]

PROPERTY, PLANT AND EQUIPMENT

v3.25.1
PROPERTY, PLANT AND EQUIPMENT
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract] Ìý
PROPERTY, PLANT AND EQUIPMENT
NOTE 6 - PROPERTY, PLANT AND EQUIPMENT
The following table indicates the carrying value of each of the major classes of our depreciable assets:
(In millions) March 31,
2025
December 31,
2024
Land, land improvements and mineral rights $ 1,452Ìý $ 1,451Ìý
Buildings 1,104Ìý 1,104Ìý
Equipment 11,185Ìý 11,119Ìý
Other 354Ìý 349Ìý
Construction in progress 759Ìý 728Ìý
Total property, plant and equipment1
14,854Ìý 14,751Ìý
Allowance for depreciation and depletion (5,057) (4,809)
Property, plant and equipment, net $ 9,797Ìý $ 9,942Ìý
1 Includes right-of-use assets related to finance leases of $528 million and $505 million as of MarchÌý31, 2025 and DecemberÌý31, 2024, respectively.
We recorded depreciation and depletion expense of $264 million and $227 million for the three months ended MarchÌý31, 2025 and 2024, respectively.