v3.25.4
Property, Plant and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment PROPERTY, PLANT AND EQUIPMENT, NET
A summary of changes in property, plant and equipment follows (in millions):
December 31,
2024
Additions / (Depreciation)December 31,
2025
Land$1.2 $— $1.2 
Buildings and leasehold improvements5.6 1.2 6.8 
Machinery and equipment5.0 1.6 6.6 
Construction in progress
2.9 18.7 21.6 
Property, plant and equipment, gross14.7 21.5 36.2 
Accumulated depreciation(5.3)(1.4)(6.7)
Property, plant and equipment, net$9.4 $20.1 $29.5 

Depreciation expense was $1.4 million in 2025, $1.0 million in 2024 and $0.7 million in 2023.