Quarterly report [Sections 13 or 15(d)]

PROPERTY, PLANT AND EQUIPMENT

v3.25.1
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.