he following table summarizes our PP&E, net at September 30, 2025 and 2024:
Fiscal Year
20252024
PP&E
Land$19.3 $18.9 
Buildings153.1 147.9 
Machinery and equipment1,178.5 1,132.7 
Capitalized software costs69.0 62.5 
Construction in progress77.0 62.0 
Total gross property, plant and equipment1,496.9 1,424.0 
Accumulated depreciation(1,127.6)(1,074.9)
Total PP&E, net$369.3 $349.1 

Historical Timeline

Fiscal YearFiled
2025Nov 18, 2025Showing above
2024Nov 14, 2024

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.