v3.26.1
Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

10. Property, Plant and Equipment

Property, plant and equipment consisted of the following (in millions):

 

 

March 31,
2026

 

 

December 31,
2025

 

Land and land improvements

 

$

111.7

 

 

$

110.4

 

Buildings

 

 

622.7

 

 

 

612.6

 

Machinery and equipment

 

 

1,473.4

 

 

 

1,460.2

 

Software and related costs

 

 

204.9

 

 

 

251.4

 

Construction in progress

 

 

101.3

 

 

 

137.1

 

Property, plant and equipment, gross

 

 

2,514.0

 

 

 

2,571.7

 

Less accumulated depreciation

 

 

(1,265.2

)

 

 

(1,300.5

)

Property, plant and equipment, net

 

$

1,248.8

 

 

$

1,271.2

 

Depreciation expense was $39.7 million and $31.6 million for the three months ended March 31, 2026 and 2025, respectively.