XML 26 R16.htm IDEA: XBRL DOCUMENT v3.22.1
Property, Plant, and Equipment
3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment

9. Property, Plant, and Equipment

The components of property, plant, and equipment were as follows (dollars in millions):

 

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Land and land improvements

 

$

192.9

 

 

$

189.8

 

Buildings

 

 

949.1

 

 

 

938.7

 

Machinery and equipment

 

 

6,248.6

 

 

 

6,159.1

 

Construction in progress

 

 

581.4

 

 

 

481.0

 

Other

 

 

121.7

 

 

 

102.9

 

Property, plant and equipment, at cost

 

 

8,093.7

 

 

 

7,871.5

 

Less accumulated depreciation

 

 

(4,423.0

)

 

 

(4,342.5

)

Property, plant, and equipment, net

 

$

3,670.7

 

 

$

3,529.0

 

 

Depreciation expense for the three months ended March 31, 2022 and 2021 was $98.5 million and $90.0 million, respectively. We recognized $1.1 million and $0.5 million of incremental depreciation expense during the three months ended March 31, 2022 and 2021, respectively, as a result of the Jackson mill conversion-related activities.

At March 31, 2022 and December 31, 2021, purchases of property, plant, and equipment included in accounts payable were $103.1 million and $73.6 million, respectively.