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PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 25, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENTProperty, plant and equipment (“PP&E”), net consisted of the following:
June 25, 2023December 25, 2022
(In thousands)
Land$270,474 $263,494 
Buildings2,113,264 2,065,042 
Machinery and equipment3,746,044 3,651,464 
Autos and trucks86,388 77,865 
Finance lease assets5,710 5,710 
Construction-in-progress474,532 358,819 
PP&E, gross6,696,412 6,422,394 
Accumulated depreciation(3,610,873)(3,481,548)
PP&E, net$3,085,539 $2,940,846 
The Company recognized depreciation expense of $96.4 million and $91.1 million during the three months ended June 25, 2023 and June 26, 2022, respectively. The Company recognized depreciation expense of $186.4 million and $184.5 million during the six months ended June 25, 2023 and June 26, 2022, respectively.
During the six months ended June 25, 2023, Pilgrim’s spent $286.6 million on capital projects and transferred $174.5 million of completed projects from construction-in-progress to depreciable assets. During the six months ended June 26, 2022, the Company spent $196.2 million on capital projects and transferred $135.5 million of completed projects from construction-in-progress to depreciable assets.
During the three and six months ended June 25, 2023, the Company sold certain PP&E for $2.4 million and $15.0 million, respectively, in cash and recognized a net immaterial loss and a net gain of $9.3 million, respectively, on these sales. PP&E sold during the six months ended June 25, 2023 consisted of a farm in Mexico and other miscellaneous equipment. During the three and six months ended June 26, 2022, the Company sold miscellaneous equipment for cash of $1.6 million and $2.4 million, respectively, and recognized a net loss of $0.8 million and $2.7 million, respectively, on these sales.
The Company has closed or idled various facilities in the U.S. and in the U.K. The Board of Directors has not determined if it would be in the best interest of the Company to divest any of these idled assets. Management is therefore not certain that it can or will divest any of these assets within one year, is not actively marketing these assets and, accordingly, has not classified them as assets held for sale. The Company continues to depreciate these assets. As of June 25, 2023, the carrying amounts of these idled assets totaled $39.3 million based on depreciable value of $156.4 million and accumulated depreciation of $117.1 million. Idled asset values include those assets that are no longer in use as a result of the recent restructuring activities of our U.K. and Europe segment. During the six months ended June 25, 2023, the Company recognized an additional impairment loss on PP&E of $4.0 million incurred as a result of those restructuring activities. Additional information regarding restructuring activities is included in “Note 16. Restructuring-Related Activities.”
As of June 25, 2023, the Company assessed if events or changes in circumstances indicated that the asset group-level carrying amounts of its PP&E held for use might not be recoverable. There were no indicators present that required the Company to test the recoverability of the asset group-level carrying amounts of its PP&E held for use at that date.