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Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2024
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:

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Useful

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December 31,

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(Millions of dollars)

    

Lives

    

2024

    

2023

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Land and improvements

 

3

-

15

years

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$

470

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$

369

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Buildings and improvements

 

25

-

30

years

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859

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802

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Machinery and equipment

 

3

-

25

years

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2,443

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2,120

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Vessels

 

10

-

25

years

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372

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271

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Vehicles

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3

-

8

years

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136

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127

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Office furniture and fixtures

 

3

-

10

years

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50

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45

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Contract growers

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5

-

15

years

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155

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156

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Construction in progress

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237

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476

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Total property, plant and equipment

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4,722

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4,366

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Accumulated depreciation and amortization

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(2,162)

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(1,956)

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Net property, plant and equipment

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$

2,560

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$

2,410

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Seaboard’s capitalized interest on construction in progress was $24 million, $17 million and $4 million for the years ended December 31, 2024, 2023 and 2022, respectively.