Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

Note F: Property, Plant and Equipment, Net

December 31
(in millions)	2023			2022
Land and land improvements	$	1,599.0		$	1,519.2
Mineral reserves and interests		2,982.4			2,917.8
Buildings		160.3			164.1
Machinery and equipment		5,379.7			5,484.5
Construction in progress		333.0			338.5
Finance lease right-of-use assets		253.5			236.9
Total property, plant and equipment		10,707.9			10,661.0
Less: accumulated depreciation, depletion and amortization		(4,522.0	)		(4,344.3	)
Property, plant and equipment, net	$	6,185.9		$	6,316.7

Depreciation, depletion and amortization expense related to property, plant and equipment was $479.5 million, $472.8 million and $422.4 million for the years ended December 31, 2023, 2022 and 2021, respectively. Depreciation, depletion and amortization expense includes amortization of right-of-use assets from finance leases. Property, plant and equipment classified as held for sale are not being depreciated.

Interest of $5.3 million, $2.7 million and $5.6 million was capitalized during 2023, 2022 and 2021, respectively.

At December 31, 2023 and 2022, $39.5 million and $38.4 million, respectively, of the Building Materials business’ property, plant and equipment, net, were located in foreign countries, namely The Bahamas and Canada.