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PROPERTY, PLANT AND EQUIPMENT (Tables) | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Schedule of Property, Plant and Equipment | Major classes of property, plant and equipment were as follows:
| December 31, 2024 |  | December 31, 2023
| (U.S. Dollars in thousands)
Land and land improvements | $ | 515,622 |  |  | $ | 548,847 |
Buildings and leasehold improvements | 305,814 |  |  | 300,258 |
Machinery and equipment | 334,849 |  |  | 328,006 |
Computer software | 76,697 |  |  | 76,997 |
Vessels and containers | 206,174 |  |  | 195,218 |
Machinery and equipment and vessel containers under finance leases | 100,116 |  |  | 47,209 |
Construction in progress | 41,679 |  |  | 50,474 |
Property, plant and equipment, gross | 1,580,951 |  |  | 1,547,009 |
Accumulated depreciation | (498,895) |  |  | (444,775) |
Property, plant and equipment, net | $ | 1,082,056 |  |  | $ | 1,102,234 |
Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows:
|  | Years
Land improvements |  | 1 to 30
Buildings and leasehold improvements* |  | 2 to 50
Machinery and equipment |  | 1 to 25
Computer software |  | 2 to 10
Vessels and containers |  | 1 to 30
Machinery and equipment and vessel containers under finance leases |  | Shorter of lease term or useful life
*Leasehold improvements are depreciated using the shorter of the useful life or life of the lease.

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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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