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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Note 10. Property, Plant and Equipment The major categories of property, plant and equipment and accumulated depreciation and depletion are presented below:
|  | December 31, |
(millions of dollars) |  | 2024 |  |  | 2023 |
Mineral rights and reserves |  | $ | 560.0 |  |  | $ | 552.6 |
Land |  |  | 43.0 |  |  |  | 44.5 |
Buildings |  |  | 202.0 |  |  |  | 207.3 |
Machinery and equipment |  |  | 1,236.4 |  |  |  | 1,201.1 |
Furniture and fixtures and other |  |  | 144.5 |  |  |  | 140.0 |
Construction in progress |  |  | 50.7 |  |  |  | 44.6 |
|  |  | 2,236.6 |  |  |  | 2,190.1 |
Less: accumulated depreciation and depletion |  |  | (1,246.9 | ) |  |  | (1,203.3 | )
Property, plant and equipment, net |  | $ | 989.7 |  |  | $ | 986.8 |
In the fourth quarter of 2024, the Company recorded a $12.3 million net gain on sale of assets for a facility within the Engineered Solutions segment. In the third quarter of 2023, the Company recorded a $71.7 million non-cash impairment of long-lived assets charge related to its subsidiaries Oldco and BVT within the Consumer & Specialties segment. See Note 17 for further information. Depreciation and depletion expense for the years ended December 31, 2024, 2023 and 2022 was $79.5 million, $79.4 million and $76.3 million, respectively.

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