Depreciation of property and equipment is computed using the straight-line method on the cost of the assets, less allowance for salvage value where appropriate, at rates based upon their estimated service lives as follows:

Asset ClassAsset Life
Buildings and improvements
8-30 years
Machinery and equipment
3-10 years
Software
3-10 years
Transportation equipment
5-6 years
Property, plant, and equipment is stated at cost, net of accumulated depreciation and consists of the following:
(in millions)August 30, 2025August 31, 2024
Land $14.6 $14.6 
Buildings and building improvements279.3 279.3 
Machinery and equipment180.7 171.8 
Software78.3 72.0 
Transportation7.4 7.8 
Construction in progress29.3 24.5 
Property, plant, and equipment, gross589.6 570.0 
Less: Accumulated depreciation256.6 231.1 
Property, plant, and equipment, net$333.0 $338.9 

Historical Timeline

Fiscal YearFiled
2025Oct 22, 2025Showing above
2024Oct 23, 2024
2023Oct 18, 2023
2022Oct 19, 2022
2021Oct 20, 2021
2020Oct 21, 2020
2019Oct 23, 2019
2018Oct 18, 2018
2017Oct 20, 2017
2016Oct 18, 2016
2015Oct 27, 2015

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.