v3.25.4
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
Property, plant and equipment by major asset class consists of the following:
December 31,
(Dollars in millions)20252024
Land, buildings and improvements$389 $380 
Plant and machinery212 203 
Equipment and other487 382 
Total property, plant and equipment, at cost1,088 965 
Less accumulated depreciation(576)(525)
Total property, plant and equipment, net
$512 $440 
Depreciation expense related to property, plant and equipment was $71 million, $69 million, and $63 million for the years ended December 31, 2025, 2024 and 2023, respectively.
Land, buildings and improvements include assets under finance leases in the amount of $89 million and $97 million as of December 31, 2025 and 2024, respectively. See Note 10: Leases for additional information.
As of December 31, 2025 and 2024, the Company accounted for our manufacturing facility in Menomonee Falls, WI as a financing arrangement and is included in land, buildings and improvements in the above table. See Note 12: Debt for additional information.