Property, Plant and Equipment, Net |
Property, Plant and Equipment, Net The principal categories and estimated useful lives of property, plant and equipment, net were as follows:
| | | | | | | | | | | | | | | | | | | | | (in thousands) | | December 31, 2023 | | December 31, 2022 | | Estimated Useful Lives | Land | | $ | 99,858 | | | $ | 88,185 | | | | Buildings | | 390,852 | | | 352,114 | | | 8-50 years | Machinery and equipment | | 498,737 | | | 462,640 | | | 5-20 years | Transportation equipment | | 611,001 | | | 515,752 | | | 3-20 years | Furniture and fixtures | | 107,072 | | | 102,099 | | | 3-10 years | Cold drink dispensing equipment | | 449,508 | | | 438,879 | | | 3-17 years | Leasehold and land improvements | | 179,146 | | | 177,940 | | | 5-20 years | Software for internal use | | 49,611 | | | 48,581 | | | 3-10 years | Construction in progress | | 95,623 | | | 103,803 | | | | Total property, plant and equipment, at cost | | 2,481,408 | | | 2,289,993 | | | | Less: Accumulated depreciation and amortization | | 1,160,845 | | | 1,106,263 | | | | Property, plant and equipment, net | | $ | 1,320,563 | | | $ | 1,183,730 | | | |
During 2023, 2022 and 2021, the Company performed periodic reviews of property, plant and equipment and determined no material impairment existed.
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