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Property, Plant and Equipment
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

11. Property, Plant and Equipment

Property, plant and equipment consisted of the following (in millions):

 

 

September 30,
2025

 

 

December 31,
2024

 

Land and land improvements

 

$

110.6

 

 

$

106.5

 

Buildings

 

 

568.7

 

 

 

514.1

 

Machinery and equipment

 

 

1,446.1

 

 

 

1,318.5

 

Software and related costs

 

 

249.7

 

 

 

245.3

 

Construction in progress

 

 

150.1

 

 

 

210.2

 

Property, plant and equipment, gross

 

 

2,525.2

 

 

 

2,394.6

 

Less accumulated depreciation

 

 

(1,276.0

)

 

 

(1,178.1

)

Property, plant and equipment, net

 

$

1,249.2

 

 

$

1,216.5

 

Depreciation expense was $36.6 million and $31.3 million for the three months ended September 30, 2025 and 2024, respectively, and $102.4 million and $84.6 million for the nine months ended September 30, 2025 and 2024, respectively.