At the bifurcation of the trachea, there are two bronchi, the right of which is slightly larger in size. The bronchi then branch into smaller bronchioles, which in turn branch off into smaller bronchioles until they reach the alveoli (which absorb oxygen from the air and releases the carbon dioxide waste). The bronchi and bronchioles are all held within the lungs of the horse, which is located in the animal's thoracic cavity. The lung is made up of a spongy, but very stretchy, material which has 2 lobes on the right and left side (a smaller, apical lobe and a large, caudal lobe) in addition to the accessory lobe. Blood is carried into the lungs via the pulmonary artery, where it is oxygenated at the alveoli and then returned to the heart by the pulmonary veins.