Property, Plant and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment as of December 31, 2021 and December 31, 2020, consisted of the following:

	2021		2020
Land	$	126,513	$	131,117
Buildings and leasehold improvements	873,912		899,723
Machinery, equipment and other	1,573,680		1,529,298
Property, plant and equipment, at cost	2,574,105		2,560,138
Less: accumulated depreciation	1,339,706		1,398,095
Property, plant and equipment, net	$	1,234,399	$	1,162,043

During the third quarter of 2021, the Company reconsidered its approach to an internally developed software project due to a change in management strategy related to advances in alternative technologies. The Company decided to dispose of the software project as of September 30, 2021. As a result, the Company recognized $61,063 of selling, administrative and other expense related to the disposal of this software.