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Property, Plant and Equipment, net
 12 Months Ended
Aug. 31, 2024
Property, Plant and Equipment, Net [Abstract]  
Property, Plant and Equipment, net

Note 6 - Property, Plant and Equipment, net

Property, plant and equipment, net consisted of the following as of August 31 (in thousands):

 

 

 

2024

 

 

2023

 

Machinery and equipment

 

$

1,025,618

 

 

$

952,480

 

Land and improvements

 

 

353,327

 

 

 

345,584

 

Buildings and leasehold improvements

 

 

183,052

 

 

 

169,940

 

Software licenses and ERP systems

 

 

32,540

 

 

 

34,195

 

Office equipment

 

 

16,041

 

 

 

15,898

 

Construction in progress

 

 

31,851

 

 

 

90,939

 

Property, plant and equipment, gross

 

 

1,642,429

 

 

 

1,609,036

 

Less accumulated depreciation

 

 

(970,237

)

 

 

(902,231

)

Property, plant and equipment, net(1)

 

$

672,192

 

 

$

706,805

 

 

(1)
Property, plant and equipment, net included $20 million and $21 million as of August 31, 2024 and 2023, respectively, related to the Company’s Canadian operations.

Depreciation expense for property, plant and equipment, which includes amortization expense for finance lease right-of-use assets, was $90 million, $84 million, and $72 million for the years ended August 31, 2024, 2023, and 2022, respectively. See Note 5 - Leases for additional disclosure on finance leases. Interest cost related to the construction of qualifying assets capitalized as part of the construction costs were not material in any of the periods presented.