Information related to the major categories of our depreciable assets is as follows:
 March 31,20252024
Land and land improvements (1)
$106,136 $90,134 
Buildings and leasehold improvements832,121 724,492 
Machinery and equipment1,205,410 1,075,082 
Information systems282,068 256,671 
Radioisotope749,780 692,642 
Construction in progress (1)
512,142 500,106 
Total property, plant, and equipment3,687,657 3,339,127 
Less: accumulated depreciation and depletion(1,731,113)(1,573,947)
Property, plant, and equipment, net$1,956,544 $1,765,180 
(1) Land is not depreciated. Construction in progress is not depreciated until placed in service.
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Historical Timeline

Fiscal YearFiled
2025May 29, 2025Showing above
2024May 29, 2024
2023May 26, 2023
2022May 31, 2022
2021May 28, 2021
2020May 29, 2020
2019May 30, 2019

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.