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Property, Plant and Equipment, Net ("PP&E")
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net ("PP&E")
5.
Property, Plant and Equipment, Net (“PP&E”)

PP&E consists of the following:

 

December 31,

 

 

December 31,

 

 

2024

 

 

2023

 

Land

$

29.2

 

 

$

28.3

 

Buildings and improvements

 

348.2

 

 

 

317.8

 

Machinery and equipment

 

1,000.4

 

 

 

895.1

 

Software

 

129.6

 

 

 

122.6

 

Office equipment and other assets

 

129.3

 

 

 

105.2

 

Construction in progress(1)

 

215.1

 

 

 

348.4

 

Gross PP&E

 

1,851.8

 

 

 

1,817.4

 

Less accumulated depreciation

 

920.1

 

 

 

889.7

 

Net PP&E

$

931.7

 

 

$

927.7

 

 

(1)In connection with the Vitamins, Minerals and Supplements ("VMS") impairment review completed in the third quarter of 2024, the Company recorded an impairment charge of $60.0 in SG&A of Construction in progress assets. The charge was recorded in the Consumer Domestic segment. Refer to Note 7 for additional details.

 

For the Year Ended December 31,

 

 

2024

 

 

2023

 

 

2022

 

Depreciation expense on PP&E

$

83.2

 

 

$

72.8

 

 

$

67.0