LONG-LIVED ASSETS

6 Months Ended

Jun. 30, 2026

Property, Plant, and Equipment [Abstract]

LONG-LIVED ASSETS

LONG-LIVED ASSETS

Included in Property, plant and equipment, net were the following:

	June 30,		December 31,		June 30,
	2026		2025		2025
Land	$	315.0	$	314.1	$	270.5
Buildings	2,744.2		2,667.3		1,712.7
Machinery and equipment	4,063.6		3,885.1		3,951.0
Construction in progress	492.0		520.0		1,270.4
Property, plant and equipment, gross	7,614.8		7,386.5		7,204.6
Less allowances for depreciation	3,395.4		3,249.1		3,398.7
Property, plant and equipment, net	$	4,219.4	$	4,137.4	$	3,805.9

In accordance with the Goodwill and Other Intangibles Topic of the Accounting Standards Codification (ASC), Goodwill and indefinite-lived intangible assets are tested for impairment annually during the fourth quarter, and interim impairment tests are performed whenever an event occurs or circumstances change that indicate an impairment has more likely than not occurred.