Useful Life

(amounts in thousands)

  ​ ​ ​

(in years)

  ​ ​ ​

2025

  ​ ​ ​

2024

Land

$

166,130

$

160,282

Buildings and improvements

10-60

971,529

876,022

Equipment

3-12

1,576,633

1,488,166

Leasehold improvements

2-20

251,816

242,295

Total, at cost

2,966,108

2,766,765

Less accumulated depreciation and amortization

1,876,163

1,755,267

Total

$

1,089,945

$

1,011,498

Historical Timeline

Fiscal YearFiled
2025Mar 12, 2026Showing above
2024Feb 26, 2025
2023Feb 28, 2024
2022Mar 1, 2023
2021Mar 10, 2022
2020Mar 11, 2021
2019Mar 12, 2020
2018Mar 14, 2019
2017Mar 15, 2018
2016Mar 16, 2017
2015Mar 18, 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.