Property, Plant, and Equipment (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant, and equipment were composed of the following:

	December 31,
Millions of Dollars	2025	2024
Land	$104	$119
Buildings and property improvements	1,697	1,751
Machinery, equipment, and other	16,076	15,704
Total property, plant, and equipment	17,877	17,574
Accumulated depreciation	(12,616)	(12,461)
Net property, plant, and equipment	$5,261	$5,113

Percentages Of Property Plant Equipment Depreciated Over Useful Lives

Classes of assets are depreciated over the following useful lives:

	Buildings and Property Improvements
	2025	2024
1    -   10 years	17%	17%
11    -   20 years	40%	40%
21    -   30 years	26%	26%
31    -   40 years	17%	17%

	Machinery, Equipment, and Other
	2025	2024
1    -    5 years	45%	46%
6    -   10 years	46%	45%
11    -   20 years	9%	9%