Property, Plant and Equipment, Net |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment, Net | Note 2—Property, Plant and Equipment, net Property, plant and equipment and the related accumulated depreciation are as follows (in millions):
Depreciation expense for the three months ended March 31, 2025 and 2024 was $17.8 million and $17.9 million, respectively. Amortization expense related to capitalized software development costs for the three months ended March 31, 2025 and 2024 was $34.3 million and $28.1 million, respectively. As of March 31, 2025 and December 31, 2024, assets held for sale were $5.9 million and $5.9 million, respectively, and are presented in prepaid expenses and other current assets in our condensed consolidated balance sheet. As of March 31, 2025 and December 31, 2024, unpaid property, plant and equipment additions totaling $3.7 million and $3.6 million, respectively, are included in accounts payable and other accrued expenses, in our condensed consolidated balance sheet. |
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