Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2024

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,
	2024		2023
Land and improvements	$	47.7	$	33.9
Buildings and improvements		543.0		483.9
Machinery and equipment		3,042.8		2,628.4
Office equipment and other		542.6		430.3
		4,176.1		3,576.5
Accumulated depreciation		(2,464.3)		(2,261.8)
	$	1,711.8	$	1,314.7

Depreciation expense for the years ended December 31, 2024, 2023 and 2022 was $390.6, $313.7 and $306.1, respectively.