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Property and Equipment, Net
 6 Months Ended
Jun. 28, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
(amounts in thousands)June 28, 2025December 31, 2024
Property and equipment$2,082,266 $1,991,145 
Accumulated depreciation(1,357,753)(1,309,706)
Total property and equipment, net$724,513 $681,439 
We recorded accelerated depreciation of our plant and equipment of $0.8 million and $0.9 million during the three and six months ended June 28, 2025, respectively, and $5.8 million during the three and six months ended June 29, 2024, within restructuring and asset-related charges in the accompanying consolidated statements of operations. Refer to Note 16 - Restructuring and Asset-Related Charges to our consolidated financial statements included in this Form 10-Q for more information.
The effect on our carrying value of property and equipment due to currency translations for foreign property and equipment, net, was an increase of $24.7 million as of June 28, 2025, compared to December 31, 2024.
Depreciation expense was recorded as follows:
Three Months EndedSix Months Ended
(amounts in thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Cost of sales$19,511 $20,464 $38,683 $40,462 
Selling, general and administrative1,157 1,127 2,335 2,248 
Total depreciation expense$20,668 $21,591 $41,018 $42,710