v3.26.1
PROPERTY, PLANT AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET PROPERTY, PLANT AND EQUIPMENT, NET
The major components of property, plant and equipment, net were as follows:
 (dollars in millions)June 30, 2026December 31, 2025
Land and leasehold improvements$61.6 $48.9 
Buildings and improvements229.1 214.8 
Machinery, equipment, fixtures and software452.4 391.2 
Construction in process73.6 49.6 
Total property, plant and equipment816.7 704.5 
Accumulated depreciation(407.9)(384.9)
Property, plant and equipment, net$408.8 $319.6 
For the three months ended June 30, 2026 and 2025, the Company recorded depreciation expense of $15.2 million and $9.7 million, respectively. For the six months ended June 30, 2026 and 2025, the Company recorded depreciation expense of $29.7 million and $19.7 million, respectively.