v3.26.1
Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant And Equipment Property, Plant and Equipment
Property, plant and equipment consist of the following:
June 30, 2026December 31, 2025
(In thousands)
Land$240,204 $247,450 
Buildings and improvements2,336,365 2,353,344 
Machinery and equipment8,331,023 7,946,040 
Finance lease assets206,215 217,855 
Furniture, fixtures and other equipment19,098 18,820 
Software and computer equipment228,979 229,769 
Construction in progress629,026 250,152 
Total property, plant and equipment11,990,910 11,263,430 
Accumulated depreciation and amortization(7,511,959)(7,392,622)
Total property, plant and equipment, net$4,478,951 $3,870,808 

As of June 30, 2026, we incurred costs of $333.6 million, including capitalized interest of $5.4 million, related to construction of the Arizona Facility.

In May 2026, we entered into an agreement to purchase approximately 67 additional acres of land for the Arizona Facility for approximately $33 million. The transaction is expected to close in the fourth quarter of 2026.

The following table summarizes our depreciation expense:
For the Three Months Ended June 30,For the Six Months Ended June 30,
 2026202520262025
 (In thousands)
Depreciation expense$179,526 $158,720 $350,305 $312,418