Property, Plant And Equipment - Net (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant And Equipment - Net

Significant classes of property, plant and equipment are as follows:

(Millions of dollars) December 31,	Depreciable Lives (Yrs)	2024		2023
Production plants (primarily 15-year life) (a)	10-20	$	35,364	$	33,071
Storage tanks	15-20	5,689		5,445
Transportation equipment and other	3-15	4,210		4,050
Cylinders	10-30	4,970		4,993
Buildings	25-40	3,355		3,275
Land and improvements (b)	0-20	1,045		1,087
Construction in progress		4,086		3,404
		58,719		55,325
Less: accumulated depreciation		(33,944)		(30,773)
		$	24,775	$	24,552

(a)     Depreciable lives of production plants related to long-term customer supply contracts are generally consistent with the contract lives.

(b)     Land is not depreciated.