For this purpose, useful lives are determined within the following limits:
AssetsExpected useful life
Buildings
Not more than 20 years
Plant and Equipment
Not more than 10 years
Motor Vehicles and Computer Equipment
Not more than 4 years
Leasehold ImprovementsUp to the expected lease term
A summary of property, plant and equipment is as follows:
December 31, 2025December 31, 2024
Land and buildings$111 $76 
Plant and equipment76 76 
Construction in progress64 38 
Gross Property, Plant and Equipment
251 190 
Less: Accumulated depreciation(107)(90)
Total Property, Plant and Equipment, net
$144 $100 

Historical Timeline

Fiscal YearFiled
2025Feb 26, 2026Showing above
2024Mar 3, 2025

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.