Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2025

Property, Plant, and Equipment, Net

Property, Plant and Equipment, Net

Note 3—Property, Plant and Equipment, Net

The components of Property, plant and equipment, net are summarized as follows:

	December 31,
	2025		2024
Land and improvements	$	72.5	$	47.7
Buildings and improvements		702.4		543.0
Machinery and equipment		3,919.1		3,042.8
Office equipment and other		707.6		542.6
		5,401.6		4,176.1
Accumulated depreciation		(3,096.0)		(2,464.3)
	$	2,305.6	$	1,711.8

Depreciation expense for the years ended December 31, 2025, 2024 and 2023 was $640.1, $390.6 and $313.7, respectively.