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Property, Plant and Equipment, Net ("PP&E")
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net ("PP&E")
4.
Property, Plant and Equipment, Net (“PP&E”)

PP&E consists of the following:

 

June 30,

 

 

December 31,

 

 

2025

 

 

2024

 

Land

$

29.4

 

 

$

29.2

 

Buildings and improvements

 

357.6

 

 

 

348.2

 

Machinery and equipment

 

999.7

 

 

 

1,000.4

 

Software

 

134.6

 

 

 

129.6

 

Office equipment and other assets

 

136.6

 

 

 

129.3

 

Construction in progress(1)

 

210.0

 

 

 

215.1

 

Gross PP&E

 

1,867.9

 

 

 

1,851.8

 

Less accumulated depreciation

 

944.4

 

 

 

920.1

 

Net PP&E

$

923.5

 

 

$

931.7

 

(1) In connection with the Vitamins, Minerals and Supplements ("VMS") impairment review completed in the third quarter of 2024, the Company recorded an impairment charge of $60.0 in SG&A of Construction in progress assets. The charge was recorded in the Consumer Domestic segment. Refer to Note 11 for additional details.

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Depreciation expense on PP&E

 

$

22.5

 

 

$

20.4

 

 

$

45.1

 

 

$

38.8