Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

10. Property, Plant and Equipment, Net

	December 31,
($ in millions)	2024		2023
Land	$	198	$	215
Buildings		1,794		1,792
Machinery and equipment		7,450		7,636
Construction-in-progress		836		1,179
		10,278		10,822
Accumulated depreciation		(4,105)		(4,107)
	$	6,173	$	6,715

Property, plant and equipment are stated at historical or acquired cost. Depreciation expense amounted to $460 million, $454 million and $437 million for the years ended December 31, 2024, 2023 and 2022, respectively.

As discussed in Note 4, the assets of the aluminum cups and Saudi Arabian businesses are presented as current assets held for sale on the consolidated balance sheet at December 31, 2024. In the fourth quarter of 2024, Ball recorded a noncash impairment charge related to the long-lived assets of the aluminum cups business, of which $200 million related to property, plant and equipment. Additionally, $30 million of current assets held for sale relates to property, plant and equipment of the Saudi Arabian business.