Property, Plant and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

The Company's major classes of property, plant, and equipment were as follows:

	As of December 31,				Depreciable
(In millions)	2025		2024		Lives
Facilities and equipment	$	2,877	$	1,972	1-40 years
Land and improvements	272		255
Software	728		582		5 years
Hardware and office equipment and furnishings	333		278		2-10 years
Construction in progress	1,196		442
Total property, plant, and equipment	5,406		3,529
Accumulated depreciation	(1,774)		(1,508)
Property, plant and equipment, net	$	3,632	$	2,021

Depreciation expense of property, plant and equipment recorded during the years ended December 31, 2025, 2024 and 2023 was $284 million, $271 million and $257 million, respectively.