The following table sets forth the components of the Company’s property, plant, and equipment, net at December 31, 2025 and 2024.

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Equipment

 

$

8,314

 

 

$

7,916

 

Buildings

 

 

1,187

 

 

 

1,133

 

Construction-in-progress

 

 

319

 

 

 

404

 

Land

 

 

69

 

 

 

88

 

Mineral rights

 

 

31

 

 

 

36

 

Property, plant, and equipment

 

 

9,920

 

 

 

9,577

 

Less: Accumulated depreciation

 

 

(6,842

)

 

 

(6,389

)

Total property, plant, and equipment, net

 

$

3,078

 

 

$

3,188

 

 

Historical Timeline

Fiscal YearFiled
2025Feb 24, 2026Showing above
2024Feb 18, 2025
2023Mar 27, 2024
2022Feb 10, 2023
2021Feb 11, 2022
2020Feb 12, 2021
2019Feb 14, 2020
2018Feb 15, 2019
2017Feb 16, 2018
2016Feb 17, 2017
2015Feb 25, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.