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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2025
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Note 6. Property, Plant and Equipment Property, plant and equipment consists of the following:
(in millions) |  | 2025 |  |  | 2024 |
Land |  | $ | 23.6 |  |  | $ | 21.6 |
Buildings |  |  | 109.7 |  |  |  | 88.7 |
Equipment |  |  | 508.9 |  |  |  | 439.6 |
Work in progress |  |  | 70.0 |  |  |  | 62.1 |
Total gross cost |  |  | 712.2 |  |  |  | 612.0 |
Less accumulated depreciation and impairment |  |  | (426.1 | ) |  |  | (342.3 | )
Total net book value |  | $ | 286.1 |  |  | $ | 269.7 |
Of the total net book value of equipment at December 31, 2025, $0.0 million are in respect of assets held under finance leases (2024 – $0.0 million). Depreciation charges were $32.1 million, $31.0 million and $27.9 million in 2025, 2024 and 2023, respectively. During the quarter ended September 30, 2025, the Company impaired property, plant and equipment assets within its Oilfield Services segment. The impaired assets totaled $22.9 million and relate largely to plant and equipment, which are no longer expected to generate sufficient discounted cash flows to support the valuations due to an expected lack of near-term recovery in our oilfield production business in Mexico and our stimulation business in the U.S..

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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