v3.26.1
PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2026
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

9. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Useful Life

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 31, 2025

Land

​

​

​

$

4.5

​

$

—

Machinery and equipment

 

5 - 10 years

​

​

357.5

​

​

42.3

Building and leasehold improvements

 

Shorter of lease term or estimated useful life

​

 

238.1

​

 

13.0

Construction in progress

 

  ​

​

 

36.1

​

 

3.1

Other

​

3 - 5 years

​

​

1.1

​

​

0.7

Total

 

  ​

​

 

637.3

​

 

59.1

Less: Accumulated depreciation and amortization

 

  ​

​

 

(65.3)

​

 

(37.5)

Property and equipment, net

 

  ​

​

$

572.0

​

$

21.6

​

Depreciation and amortization expense for property and equipment was $20.3 and $2.1 for the three months ended June 30, 2026 and June 30, 2025, respectively. Depreciation and amortization expense for property and equipment was $37.3 and $4.2 for the six months ended June 30, 2026 and June 30, 2025, respectively.