Property, Plant and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Note 14. Property, Plant and Equipment


At December 31, 2025	Cost		Accumulated depreciation		Net book value
Land	$	749.4	$	—	$	749.4
Buildings and improvements	618.1		(268.5)		349.6
Yard, automotive and office equipment	418.8		(201.8)		217.0
Computer software and equipment	117.9		(94.2)		23.7
Leasehold improvements	209.5		(93.3)		116.2
Assets under development	66.4		—		66.4
Property, plant and equipment	$	2,180.1	$	(657.8)	$	1,522.3


At December 31, 2024	Cost		Accumulated depreciation		Net book value
Land	$	610.9	$	—	$	610.9
Buildings and improvements	499.6		(243.0)		256.6
Yard, automotive and office equipment	348.1		(157.7)		190.4
Computer software and equipment	109.2		(83.0)		26.2
Leasehold improvements	174.3		(66.4)		107.9
Assets under development	83.4		—		83.4
Property, plant and equipment	$	1,825.5	$	(550.1)	$	1,275.4

Depreciation of property, plant and equipment was $108.7 million, $103.6 million, and $86.2 million for 2025, 2024, and 2023, respectively.

During the year ended December 31, 2025, interest of $3.5 million (2024: $4.5 million; 2023: $1.8 million) was capitalized to the cost of assets under development. Additions during the year include $71.5 million (2024: $37.6 million; 2023: $12.6 million) of property, plant and equipment under finance lease.