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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Summary of Components of Inventories

The components of inventories were as follows (dollars in millions):

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Raw materials

 

$

416.6

 

 

$

356.6

 

Work in process

 

 

17.5

 

 

 

15.5

 

Finished goods

 

 

241.6

 

 

 

234.0

 

Supplies and materials

 

 

567.5

 

 

 

518.8

 

Inventories

 

$

1,243.2

 

 

$

1,124.9

 

Summary of Property, Plant and Equipment (at cost)

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

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Land and land improvements

 

$

258.0

 

 

$

203.4

 

Buildings

 

 

1,343.8

 

 

 

1,140.0

 

Machinery and equipment

 

 

8,271.7

 

 

 

7,368.8

 

Construction in progress

 

 

552.8

 

 

 

397.2

 

Other

 

 

217.0

 

 

 

195.8

 

Property, plant and equipment, at cost

 

 

10,643.3

 

 

 

9,305.2

 

Less accumulated depreciation

 

 

(5,658.2

)

 

 

(5,266.2

)

Property, plant, and equipment, net

 

$

4,985.1

 

 

$

4,039.0

 

 

Summary of Property, Plant and Equipment Estimated Useful Lives The following lives are used for the various categories of assets:

 

Buildings and land improvements

 

5 to 40 years

Machinery and equipment

 

3 to 25 years

Trucks and automobiles

 

3 to 20 years

Furniture and fixtures

 

3 to 25 years

Computers and hardware

 

3 to 10 years

Leasehold improvements

 

Period of the
lease
or useful
life, if shorter