Performance Food Group Co PP&E Disclosure
Property, plant, and equipment as of June 28, 2025 and June 29, 2024 consisted of the following:
(In millions) |
|
As of |
|
|
As of |
|
|
Range of Lives |
|
|||
Buildings and building improvements |
|
$ |
2,124.8 |
|
|
$ |
1,101.3 |
|
|
10 – 39 years |
|
|
Land |
|
|
185.3 |
|
|
|
105.2 |
|
|
|
— |
|
Transportation equipment |
|
|
2,063.0 |
|
|
|
1,440.2 |
|
|
2 – 19 years |
|
|
Warehouse and plant equipment |
|
|
930.8 |
|
|
|
785.9 |
|
|
3 – 20 years |
|
|
Office equipment, furniture, and fixtures |
|
|
516.5 |
|
|
|
442.5 |
|
|
2 – 10 years |
|
|
Leasehold improvements |
|
|
463.8 |
|
|
|
362.0 |
|
|
|
||
Construction-in-process |
|
|
271.1 |
|
|
|
299.5 |
|
|
|
|
|
|
|
|
6,555.3 |
|
|
|
4,536.6 |
|
|
|
|
|
Less: accumulated depreciation and amortization |
|
|
(2,096.6 |
) |
|
|
(1,748.1 |
) |
|
|
|
|
Property, plant and equipment, net |
|
$ |
4,458.7 |
|
|
$ |
2,788.5 |
|
|
|
|
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 13, 2025 | Showing above |
| 2024 | Aug 14, 2024 | |
| 2023 | Aug 16, 2023 | |
| 2022 | Aug 19, 2022 | |
| 2021 | Aug 24, 2021 | |
| 2020 | Aug 18, 2020 | |
| 2019 | Aug 16, 2019 | |
| 2018 | Aug 16, 2018 | |
| 2017 | Aug 25, 2017 | |
| 2016 | Aug 30, 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.