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Property, Plant and Equipment, Net
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment, Net  
Property, Plant and Equipment, Net

10.     Property, Plant and Equipment, Net

June 30,

December 31,

($ in millions)

    

2025

    

2024

Land

$

212

$

198

Buildings

1,925

1,794

Machinery and equipment

8,015

7,450

Construction-in-progress

872

836

11,024

10,278

Accumulated depreciation

(4,469)

(4,105)

$

6,555

$

6,173

Depreciation expense was $117 million and $116 million for the three months ended June 30, 2025 and 2024, respectively, and $231 million and $232 million for the six months ended June 30, 2025 and 2024, respectively.