Property, plant and equipment, including those acquired by finance lease, consisted of the following:
December 31,
2025
December 31,
2024
Computer equipment and furniture$538.8 $468.9 
Purchased software131.2 107.4 
Building and building improvements130.2 130.4 
Land3.2 3.2 
Total cost of property, plant and equipment803.4 709.8 
Less: accumulated depreciation(545.0)(506.3)
Total property, plant and equipment, net of accumulated depreciation$258.4 $203.5 

Historical Timeline

Fiscal YearFiled
2025Feb 27, 2026Showing above
2024Feb 13, 2025
2023Feb 28, 2024
2022Feb 14, 2023
2021Feb 22, 2022
2020Feb 16, 2021
2019Feb 18, 2020
2018Feb 14, 2019
2017Feb 13, 2018
2016Feb 15, 2017
2015Feb 19, 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.