PROPERTY, PLANT, AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT, AND EQUIPMENT, NET

PROPERTY, PLANT, AND EQUIPMENT, NET

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

	December 31, 2023		March 31, 2024
Land, buildings, and building improvements	$	972	$	1,002
Leasehold improvements	417		435
Machinery, equipment, vehicles, and office furniture	3,068		3,186
Computer equipment, hardware, and software	515		545
Construction in progress	698		746
Total property, plant, and equipment	5,670		5,914
Accumulated depreciation and amortization	(1,796)		(2,084)
Total property, plant, and equipment, net	$	3,874	$	3,830

Depreciation and amortization expense was $184 million and $274 million for the three months ended March 31, 2023 and 2024, respectively.