v3.26.3
Property, Plant and Equipment
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant and Equipment

10. Property, Plant and Equipment

Property, plant and equipment consisted of the following (in millions):

 

 

September 30,
2026

 

 

December 31,
2025

 

Land and land improvements

 

$

111.9

 

 

$

110.4

 

Buildings

 

 

629.3

 

 

 

612.6

 

Machinery and equipment

 

 

1,510.0

 

 

 

1,460.2

 

Software and related costs

 

 

214.5

 

 

 

251.4

 

Construction in progress

 

 

115.7

 

 

 

137.1

 

Property, plant and equipment, gross

 

 

2,581.4

 

 

 

2,571.7

 

Less accumulated depreciation

 

 

(1,337.4

)

 

 

(1,300.5

)

Property, plant and equipment, net

 

$

1,244.0

 

 

$

1,271.2

 

 

Depreciation expense was $41.6 million and $36.6 million for the three months ended September 30, 2026 and 2025, respectively, and $121.9 million and $102.4 million for the nine months ended September 30, 2026 and 2025, respectively.