v3.25.2
Property, Plant, and Equipment
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment Property, Plant, and Equipment
Property, plant, and equipment consists of the following (in millions):
 June 30, 2025December 31, 2024
Land and land improvements$192.9 $181.9 
Buildings, building improvements, and leasehold improvements888.9 863.8 
Buildings under construction328.7 218.2 
Furniture, equipment, and vehicles483.2 449.7 
Subtotal1,893.7 1,713.6 
Less—accumulated depreciation(531.3)(491.2)
Property, plant, and equipment, net$1,362.4 $1,222.4 
Depreciation expense for the six months ended June 30, 2025 and 2024 was $40.5 million and $33.4 million, respectively.
On July 23, 2025, we acquired approximately 60 acres of property containing five buildings located in Research Triangle Park, North Carolina (RTP) for future growth on our RTP campus. The total purchase price was $107.0 million, inclusive of taxes, closing costs, and other related expenses.