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Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Summary of Property, Plant and Equipment

Property, plant and equipment consisted of the following at December 31:

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Land and improvements

 

$

401,374

 

 

$

369,574

 

Buildings and improvements

 

 

834,773

 

 

 

714,767

 

Machinery and equipment

 

 

1,530,119

 

 

 

1,303,312

 

Information technology, furniture and fixtures

 

 

256,095

 

 

 

213,066

 

Construction in progress

 

 

141,864

 

 

 

207,826

 

Finance lease right-of-use assets

 

 

3,479

 

 

 

7,268

 

Property, plant and equipment

 

 

3,167,704

 

 

 

2,815,813

 

Less: accumulated depreciation

 

 

1,205,973

 

 

 

1,011,989

 

Property, plant and equipment, net

 

$

1,961,731

 

 

$

1,803,824

 

Schedule of Balances Held Under Other Finance Obligations

The following balances held under other finance obligations are included in the accompanying consolidated balance sheet as of December 31:

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Land and improvements

 

$

105,833

 

 

$

106,163

 

Buildings and improvements

 

 

115,020

 

 

 

115,970

 

Assets held under other finance obligations

 

 

220,853

 

 

 

222,133

 

Less: accumulated amortization

 

 

34,718

 

 

 

31,246

 

Assets held under other finance obligations, net

 

$

186,135

 

 

$

190,887