Property, plant and equipment, net includes the following:
 December 31
 20252024
Land$226 $226 
Furniture and fixtures10,146 9,946 
Building and improvements9,583 9,511 
Machinery and equipment33,523 33,021 
Internal-use capitalized software16,696 15,867 
Construction in progress1,696 2,180 
Property, plant and equipment, at cost71,870 70,751 
Less allowances for depreciation and amortization41,617 36,350 
 $30,253 $34,401 

Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 26, 2025
2023Mar 6, 2024
2022Mar 9, 2023

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.