v3.26.1
Property, Plant and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net
7. Property, Plant and Equipment, Net

Property, plant and equipment, net, ("PP&E") consisted of the following (in millions):
December 31,
 20252024
Equipment, furniture and fixtures, and software$223.3 $211.0 
Building and leasehold improvements42.4 36.8 
Land25.3 18.6 
Construction in progress16.3 8.0 
Plant and transportation equipment6.7 7.4 
$314.0 $281.8 
Less: Accumulated depreciation172.2 148.2 
Total$141.8 $133.6 

Depreciation expense was $22.9 million and $25.0 million for the years ended December 31, 2025 and 2024, respectively. These amounts included $12.9 million and $15.3 million of depreciation expense recognized within cost of revenue for the years ended December 31, 2025 and 2024, respectively.

As of December 31, 2025 and 2024, the gross value of capitalized internal-use software included in PP&E was $21.0 million and $20.7 million, respectively, and the net book value as of December 31, 2025 and 2024, was $6.6 million and $9.8 million, respectively.

Assets held-for-sale are included within Other current assets in the Consolidated Balance Sheets. As of December 31, 2025, there were no assets held-for-sale. As of December 31, 2024, there were $7.0 million in assets held-for-sale, which primarily consisted of one building and associated building improvements, land, and equipment at the Company's Infrastructure segment.