Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

Note 4. Property, Plant and Equipment, Net

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

	June 30,		December 31,
	2025		2024
	(in millions)
Land	$	298.9	$	297.2
Buildings		1,754.7		1,689.2
Machinery and equipment		2,713.1		2,643.2
Construction in progress		296.9		297.0
Property, plant and equipment, gross		5,063.6		4,926.6
Less: accumulated depreciation		(2,458.0)		(2,381.7)
Property, plant and equipment, net	$	2,605.6	$	2,544.9

As of June 30, 2025 and December 31, 2024, noncash investing activity included $5.7 million and $7.3 million of capital expenditures, respectively, included in accounts payable and accrued expenses.