Property, plant and equipment, net is summarized as follows (in millions):
 December 31, 2025December 31, 2024
Land$12.7 $13.5 
Buildings and improvements100.4 103.5 
Machinery and equipment135.0 123.8 
Computer hardware and software31.1 30.4 
Construction in-progress19.3 15.4 
298.5 286.6 
Less accumulated depreciation(140.9)(122.6)
$157.6 $164.0 

Historical Timeline

Fiscal YearFiled
2025Feb 9, 2026Showing above
2024Feb 10, 2025
2023Feb 6, 2024
2022Feb 14, 2023
2021Feb 9, 2022
2020May 12, 2020
2019May 14, 2019
2018May 14, 2018
2017May 17, 2017
2016May 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.