PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT

The following table indicates the carrying value of each of the major classes of our depreciable assets:

(In millions)	March 31, 2025		December 31, 2024
Land, land improvements and mineral rights	$	1,452	$	1,451
Buildings	1,104		1,104
Equipment	11,185		11,119
Other	354		349
Construction in progress	759		728
Total property, plant and equipment1	14,854		14,751
Allowance for depreciation and depletion	(5,057)		(4,809)
Property, plant and equipment, net	$	9,797	$	9,942
1 Includes right-of-use assets related to finance leases of $528 million and $505 million as of March 31, 2025 and December 31, 2024, respectively.

We recorded depreciation and depletion expense of $264 million and $227 million for the three months ended March 31, 2025 and 2024, respectively.