Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Components of property, plant and equipment, net

We generally depreciate or amortize the cost of our property, plant and equipment using the straight-line method over the estimated useful lives of the respective assets, which are summarized as follows:

Asset Category	Useful Lives
Land	Not depreciated
Buildings	15 to 40 years
Leasehold Improvements	Lesser of the useful life or the term of the respective lease
Furniture and Fixtures	5 to 7 years
Machinery and Equipment	5 to 20 years
Computer Software and Hardware	3 to 5 years

Components of property, plant and equipment, net are summarized as follows:

	As of December 31,
(In millions)	2024		2023
Land	$	202.4	$	202.4
Buildings	1,963.7		1,601.3
Leasehold improvements	137.8		135.7
Machinery and equipment	2,109.8		1,703.8
Computer software and hardware	1,070.5		1,032.1
Furniture and fixtures	59.5		61.5
Construction in progress	308.4		975.4
Total cost	5,852.1		5,712.2
Less: accumulated depreciation	(2,670.8)		(2,402.5)
Total property, plant and equipment, net	$	3,181.3	$	3,309.7