PLANT, PROPERTY AND EQUIPMENT, NET The following table summarizes our property, plant, and equipment, net of accumulated depreciation. | | | | | | | | | | | | | | | | | | | Useful life
(in years) | | June 28,
2025 | | December 31, 2024 | | Machinery and equipment | 2 - 10 | | $ | 1,403.8 | | | $ | 1,263.4 | | | Buildings and improvements | 5 - 40 | | 334.1 | | | 293.4 | | | Furniture, fixtures and office equipment | 3 - 7 | | 81.8 | | | 73.6 | | | Construction work in progress | | | 70.2 | | | 103.0 | | | Land and improvements | | | 27.2 | | | 25.1 | | | Other | | | 2.3 | | | 2.0 | | | Plant, property and equipment, gross | | | 1,919.4 | | | 1,760.5 | | | Less: Accumulated depreciation | | | (1,307.6) | | | (1,183.3) | | | Plant, property and equipment, net | | | $ | 611.8 | | | $ | 577.2 | |
The following table summarizes our depreciation expense. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 28,
2025 | | June 29,
2024 | | June 28,
2025 | | June 29,
2024 | | Depreciation expense | $ | 23.3 | | | $ | 22.0 | | | $ | 45.0 | | | $ | 44.3 | |
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