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Property, Plant and Equipment-Net (Tables)
3 Months Ended
Mar. 31, 2026
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization [Abstract]  
Components of property, plant and equipment-net
Property, plant and equipment—net consists of the following:
 March 31, 
2026
December 31, 
2025
 (in millions)
Land$108 $109 
Machinery and equipment14,014 13,957 
Buildings and improvements1,048 1,043 
Construction in progress801 709 
Property, plant and equipment(1)
15,971 15,818 
Less: Accumulated depreciation and amortization9,247 9,103 
Property, plant and equipment—net$6,724 $6,715 
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(1)As of March 31, 2026 and December 31, 2025, we had property, plant and equipment that was accrued but unpaid of $138 million and $118 million, respectively. As of March 31, 2025 and December 31, 2024, we had property, plant and equipment that was accrued but unpaid of $87 million and $101 million, respectively.
Summary of plant turnaround activity
The following is a summary of capitalized plant turnaround costs:
 Three months ended 
 March 31,
 20262025
 (in millions)
Net capitalized plant turnaround costs as of January 1$427 $363 
Additions69 20 
Depreciation(39)(37)
Effect of exchange rate changes and other(2)(3)
Net capitalized plant turnaround costs as of March 31
$455 $343