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Property, Plant and Equipment, Net
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment, Net  
Property, Plant and Equipment, Net

Note 4. Property, Plant and Equipment, Net

Property, plant and equipment, net consists of the following:

March 31,

December 31,

   

2025

    

2024

(in millions)

Land

$

295.9

$

297.2

Buildings

1,696.4

1,689.2

Machinery and equipment

2,654.9

2,643.2

Construction in progress

340.1

297.0

Property, plant and equipment, gross

4,987.3

4,926.6

Less: accumulated depreciation

(2,413.9)

(2,381.7)

Property, plant and equipment, net

$

2,573.4

$

2,544.9

As of March 31, 2025 and December 31, 2024, noncash investing activity included $5.8 million and $7.3 million of capital expenditures, respectively, included in accounts payable and accrued expenses.