Quarterly report [Sections 13 or 15(d)]

PROPERTY, PLANT AND EQUIPMENT

v3.25.2
PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 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) June 30,
2025		 December 31,
2024
Land, land improvements and mineral rights $ 1,457  $ 1,451 
Buildings 1,114  1,104 
Equipment 11,319  11,119 
Other 358  349 
Construction in progress 751  728 
Total property, plant and equipment1
14,999  14,751 
Allowance for depreciation and depletion (5,379) (4,809)
Property, plant and equipment, net $ 9,620  $ 9,942 
1 Includes right-of-use assets related to finance leases of $547 million and $505 million as of June 30, 2025 and December 31, 2024, respectively.
We recorded depreciation and depletion expense of $374 million and $638 million for the three and six months ended June 30, 2025, respectively, and $227 million and $454 million for the three and six months ended June 30, 2024, respectively.
During the second quarter of 2025, the decision to indefinitely idle our Steelton, Conshohocken, and Riverdale facilities occurred. This resulted in a $39 million Asset impairment to Property, plant and equipment, net and accelerated depreciation of $119 million for both the three and six months ended June 30, 2025, included within depreciation and depletion expense.