Property, Plant and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Following is a summary of property, plant and equipment:

(In millions)	December 31, 2024		December 31, 2023
Land	$	485.5	519.2
Buildings and improvements	2,045.4		2,105.1
Machinery and equipment	6,782.7		6,788.1
Furniture and fixtures	166.5		166.8
Leasehold improvements	107.5		110.1
Construction in progress	545.9		703.0
	10,133.5		10,392.3
Less: accumulated depreciation	5,553.6		5,399.1
Net property, plant and equipment	$	4,579.9	4,993.2

Additions to property, plant and equipment included capitalized interest of $21.8 million, $23.5 million and $16.9 million in 2024, 2023 and 2022, respectively. Depreciation expense was $607.1 million, $598.9 million and $564.3 million for 2024, 2023 and 2022, respectively. Included in property, plant and equipment are finance leases with a cost of $141.4 million

and $117.4 million and accumulated depreciation of $59.7 million and $46.0 million as of December 31, 2024 and 2023, respectively.