As of September 26, 2025 and September 27, 2024, PP&E consisted of the following (in thousands):
Property, Plant, and EquipmentSeptember 26,
2025
September 27,
2024
Land$42,021 $42,010 
Buildings and building improvements290,920 288,908 
Leasehold improvements84,605 86,613 
Machinery and equipment163,382 138,425 
Computer equipment and software195,521 240,930 
Furniture and fixtures31,476 31,581 
Equipment provided under operating leases234,426 244,327 
Construction-in-progress36,181 25,091 
Property, plant, and equipment, gross1,078,532 1,097,885 
Less: accumulated depreciation(607,924)(618,776)
Property, plant, and equipment, net$470,608 $479,109 

Historical Timeline

Fiscal YearFiled
2025Nov 18, 2025Showing above
2024Nov 19, 2024
2023Nov 17, 2023
2022Nov 18, 2022
2021Nov 17, 2021
2020Nov 16, 2020
2019Nov 25, 2019
2018Nov 15, 2018
2017Nov 16, 2017
2016Nov 18, 2016
2015Nov 24, 2015

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.