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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment |
Property, Plant and Equipment | Note 4 − Property, Plant and Equipment The following table is a summary of property, plant and equipment: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Useful | ​ | December 31, | ​
(Millions of dollars) |  | Lives |  | 2023 |  | 2022 | ​
Land and improvements |  | 3 | - | 15 | years | ​ | $ | 369 | ​ | $ | 331 | ​
Buildings and improvements |  | ​ | ​ | 30 | years | ​ |  | 802 | ​ |  | 779 | ​
Machinery and equipment |  | 3 | - | 20 | years | ​ |  | 2,120 | ​ |  | 2,027 | ​
Vessels and vehicles |  | 3 | - | 18 | years | ​ |  | 398 | ​ |  | 373 | ​
Office furniture and fixtures |  | ​ | ​ | 5 | years | ​ |  | 45 | ​ |  | 43 | ​
Contract growers | ​ | 5 | - | 15 | years | ​ | ​ | 156 | ​ | ​ | 151 | ​
Construction in progress | ​ | ​ | ​ | ​ | ​ | ​ |  | 476 | ​ |  | 286 | ​
Total property, plant and equipment | ​ | ​ | ​ | ​ | ​ | ​ |  | 4,366 | ​ |  | 3,990 | ​
Accumulated depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​ |  | (1,956) | ​ |  | (1,744) | ​
Net property, plant and equipment | ​ | ​ | ​ | ​ | ​ | ​ | $ | 2,410 | ​ | $ | 2,246 | ​
​ Seaboard’s capitalized interest on construction in progress was $17 million, $4 million and $7 million for the years ended December 31, 2023, 2022 and 2021, respectively.

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