Property, Plant and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT

The components of property, plant, and equipment as of December 31, 2024 and 2023 was as follows:

Year Ended December 31,	Expected Useful Life	2024			2023
Land and buildings	15 to 50 years	$	128,292		$	145,912
Machinery and equipment	3 to 20 years		886,050			934,223
Leasehold improvements and others	Lease term		2,911			2,943
Construction in progress			22,136			30,252
			1,039,389			1,113,330
Accumulated depreciation			(709,497	)		(714,731	)
Property, plant and equipment, net		$	329,892		$	398,599

Depreciation expense was $66.9 million and $73.5 million for the years ended December 31, 2024 and 2023.