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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Total Government Assistance Recognized | The following table presents the total government assistance recognized during the year ended December 31, 2024 (in millions of dollars):
Grantor |  | Grant |  | Amount |  |  | Duration |  | Classification
Indiana Economic Development Corporation |  | IN EDGE Tax Credit |  | $ | 1.6 |  |  | 2021 - 2030 |  | Cost of products sold, excluding depreciation and amortization
Total |  |  |  | $ | 1.6 |  |  |  |  |
Estimated Useful Lives of Property, Plant and Equipment | Depreciation is computed using the straight-line method at rates based on the estimated useful lives of the various classes of assets. Depreciable finance lease assets and leasehold improvements are amortized on a straight-line basis over the shorter of the estimated useful lives of the assets or the lease term. The estimated useful lives are as follows:
|  | Range (in years)
Land improvements |  | 1-25
Buildings and leasehold improvements |  | 2-45
Machinery and equipment |  | 1-22
Depreciable finance lease assets |  | 2-120

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