Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

Note G: Property, Plant and Equipment, Net

December 31
(in millions)	2022			2021
Land and land improvements	$	1,519.2		$	1,530.1
Mineral reserves and interests		2,917.8			2,924.5
Buildings		164.1			169.6
Machinery and equipment		5,484.5			5,357.7
Construction in progress		338.5			162.2
Finance lease right-of-use assets		236.9			225.9
Total property, plant and equipment		10,661.0			10,370.0
Less: accumulated depreciation, depletion and amortization		(4,344.3	)		(4,032.0	)
Property, plant and equipment, net	$	6,316.7		$	6,338.0

Depreciation, depletion and amortization expense related to property, plant and equipment was $472.8 million, $422.4 million and $376.3 million for the years ended December 31, 2022, 2021 and 2020, respectively. Depreciation, depletion and amortization expense includes amortization of right-of-use assets from finance leases.

Interest of $2.7 million, $5.6 million and $4.2 million was capitalized during 2022, 2021 and 2020, respectively.

At December 31, 2022 and 2021, $38.4 million and $44.9 million, respectively, of the Building Materials business’ property, plant and equipment, net, were located in foreign countries, namely The Bahamas and Canada.