Property, plant and equipment, at December 31, consist of the following:
 20252024
Land and improvements$174.0 $167.1 
Mineral Reserves63.0 63.0 
Buildings and improvements782.6 421.4 
Machinery and equipment1,360.1 1,711.5 
Asset Retirement Obligation86.0 63.7 
Construction in progress114.2 44.7 
 2,579.9 2,471.4 
Less accumulated depreciation, amortization and depletion(1,412.3)(1,321.6)
Property, plant and equipment - net$1,167.6 $1,149.8 

Historical Timeline

Fiscal YearFiled
2025Mar 3, 2026Showing above
2024Mar 3, 2025
2023Mar 15, 2024
2022Feb 27, 2023
2021Feb 25, 2022
2020Mar 4, 2021
2019Feb 27, 2020
2018Feb 28, 2019
2017Feb 28, 2018
2016Mar 14, 2017
2015Mar 7, 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.