PLANT, PROPERTY AND EQUIPMENT, NET The following table summarizes our property, plant, and equipment, net of accumulated depreciation. | | | | | | | | | | | | | | | | | | | Useful life
(in years) | | July 4,
2026 | | December 31, 2025 | | Machinery and equipment | 2 - 10 | | $ | 1,559.6 | | | $ | 1,433.9 | | | Buildings and improvements | 5 - 40 | | 388.4 | | | 343.8 | | | Furniture, fixtures and office equipment | 3 - 7 | | 95.4 | | | 86.2 | | | Construction work in progress | | | 84.3 | | | 80.1 | | | Land and improvements | | | 47.1 | | | 26.7 | | | Other | | | 2.9 | | | 2.6 | | | Plant, property and equipment, gross | | | 2,177.7 | | | 1,973.3 | | | Less: Accumulated depreciation | | | (1,381.6) | | | (1,346.3) | | | Plant, property and equipment, net | | | $ | 796.1 | | | $ | 627.0 | |
The following table summarizes our depreciation expense. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | July 4,
2026 | | June 28,
2025 | | July 4,
2026 | | June 28,
2025 | | Depreciation expense | $ | 30.6 | | | $ | 23.3 | | | $ | 56.7 | | | $ | 45.0 | |
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