Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

Note 6. Property, Plant and Equipment, Net

Property, plant and equipment, net consists of the following:

	December 31,		December 31,
	2024		2023
	(in millions)
Land	$	297.2	$	281.7
Buildings		1,689.2		1,510.9
Machinery and equipment		2,643.2		2,435.5
Construction in progress		297.0		264.9
Property, plant and equipment, gross		4,926.6		4,493.0
Less: accumulated depreciation		(2,381.7)		(2,244.6)
Property, plant and equipment, net	$	2,544.9	$	2,248.4

As of December 31, 2024, 2023 and 2022, noncash investing activity included $7.3 million, $15.2 million and $6.3 million of capital expenditures, respectively, included in accounts payable and accrued expenses.