Property, plant, and equipment, net consists of the following:
(in millions)December 31, 2025December 31, 2024Estimated Useful Life (Years)
Buildings, building improvements, and refrigeration equipment$9,601 $8,759 
5 — 40
Land and land improvements1,683 1,530 
15 — Indefinite
Machinery and equipment1,732 1,578 
3 — 20
Railcars540 549 
5 — 50
Furniture, fixtures, equipment, and software753 669 
3 — 7
Gross property, plant, and equipment14,309 13,085 
Less: Accumulated depreciation(3,544)(2,854)
Construction in progress573 396 
Property, plant, and equipment, net$11,338 $10,627 
Free Sentinel

Want the next Lineage, Inc. pp&e disclosure the moment it drops?

Set a Sentinel and we'll alert you the moment Lineage, Inc.'s next filing hits EDGAR. No credit card, your email never gets sold.

Track for free

Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 26, 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.