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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
Property, plant and equipment, at December 31, consists of the following:
20252024
(In millions)
Land$29.5 $28.2 
Land rights and buildings157.1 139.9 
Plant and machinery1,494.9 1,339.7 
Other equipment, furniture and fixtures, including Asset retirement60.6 51.0 
Construction in progress292.2 215.9 
Total property, plant and equipment2,034.3 1,774.7 
Less: accumulated depreciation964.7 809.7 
Net property, plant and equipment$1,069.6 $965.0 
Depreciation expense was $105.9 million, $101.5 million and $92.4 million for fiscal years ending December 31, 2025, 2024 and 2023, respectively.
During the year ended December 31, 2025, we adjusted the construction timeline of the La Porte facility to better reflect end market conditions, including a protracted domestic adoption rate of electric vehicles. As of December 31, 2025, a total of $175 million has been capitalized as Construction in Progress, including Asset Retirement Cost, related to this project.