v3.26.1
Property, Plant and Equipment, Net ("PP&E")
6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net ("PP&E")
4.
Property, Plant and Equipment, Net (“PP&E”)

PP&E consists of the following:

 

June 30,

 

 

December 31,

 

 

2026

 

 

2025

 

Land

$

29.7

 

 

$

16.0

 

Buildings and improvements

 

355.2

 

 

 

367.5

 

Machinery and equipment

 

914.7

 

 

 

911.1

 

Software

 

140.2

 

 

 

138.9

 

Office equipment and other assets

 

132.7

 

 

 

131.6

 

Construction in progress

 

166.9

 

 

 

131.9

 

Gross PP&E

 

1,739.4

 

 

 

1,697.0

 

Less accumulated depreciation

 

912.9

 

 

 

874.2

 

Net PP&E

$

826.5

 

 

$

822.8

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Depreciation expense on PP&E

$

22.0

 

 

$

22.5

 

 

$

43.6

 

 

$

45.1