December 31,
 20252024
Land and improvements
$11,761 $11,761 
Machinery and equipment
1,799,142 1,698,835 
Buildings and improvements
254,999 244,761 
Construction in progress
75,756 95,053 
 2,141,658 2,050,410 
Less – accumulated depreciation
(1,177,940)(1,132,552)
Total property, plant, equipment – net
$963,718 $917,858 

Historical Timeline

Fiscal YearFiled
2025Feb 20, 2026Showing above
2023Feb 16, 2024
2022Feb 17, 2023
2021Feb 18, 2022

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.