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Property, Plant and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Schedule of property, plant and equipment | Depreciation is calculated by the straight-line method over the estimated useful lives of depreciable assets which are as follows:
Buildings and improvements | 10 to 40 years
Machinery and equipment | 2 to 7 years
Software and computer equipment | 3 to 5 years
Furniture, fixtures and other equipment | 4 to 10 years
Property, plant and equipment consist of the following:
| December 31,
| 2023 |  | 2022
| (In thousands)
Land | $ | 212,722 |  |  | $ | 214,763 |
Buildings and improvements | 2,080,589 |  |  | 1,817,135 |
Machinery and equipment | 7,022,614 |  |  | 6,757,652 |
Finance lease assets | 209,506 |  |  | 165,122 |
Furniture, fixtures and other equipment | 22,655 |  |  | 23,240 |
Software and computer equipment | 200,362 |  |  | 240,610 |
Construction in progress | 223,332 |  |  | 152,809 |
Total property, plant and equipment | 9,971,780 |  |  | 9,371,331 |
Accumulated depreciation and amortization | (6,672,335) |  |  | (6,235,717) |
Total property, plant and equipment, net | $ | 3,299,445 |  |  | $ | 3,135,614 |
The following table summarizes our depreciation expense:
| For the Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (In thousands)
Depreciation expense | $ | 630,941 |  |  | $ | 612,105 |  |  | $ | 562,962 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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