Property, plant and equipment are comprised of the following amounts:
 As of December 31,
20252024
Land and buildings$59,202 $56,205 
Machinery and equipment362,187 339,792 
Construction in progress2,895 6,569 
Gross cost424,284 402,566 
Less: Accumulated depreciation265,399 240,532 
Property, plant and equipment, net$158,885 $162,034 

Historical Timeline

Fiscal YearFiled
2025Mar 4, 2026Showing above
2024Mar 6, 2025
2023Mar 12, 2024
2022Mar 10, 2023
2021Mar 11, 2022
2020Mar 15, 2021
2019Mar 16, 2020
2018Mar 18, 2019
2017Apr 2, 2018
2016Mar 16, 2017
2015Mar 15, 2016

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.