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Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

The following table shows estimated useful lives of property, plant and equipment:


Property, plant and equipment		Useful Life
Buildings		40 to 50 years
Leasehold improvements		Lesser of lease term or the life of the asset
Machinery, equipment and furniture		3 to 10 years
Computer software		5 to 10 years

The components of net property, plant and equipment were as follows:


	December 31
(in millions)	2025			2024
Land and improvements	$	18.9		$	17.4
Buildings and improvements to leaseholds		124.5			115.4
Machinery and equipment		370.2			365.2
Construction in progress		14.8			7.5
		528.4			505.5
Less: accumulated depreciation		(389.6	)		(368.0	)
Net property, plant and equipment (1)	$	138.8		$	137.5

(1)

Net property, plant and equipment as of December 31, 2025, and 2024 included $25.8 million and $29.4 million of computer software assets, respectively, which are classified within machinery and equipment and construction in progress. Depreciation expense for software was $13.7 million, $13.8 million, and $14.1 million for the years ended December 31, 2025, 2024 and 2023, respectively.