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Property, Plant and Equipment, Net
12 Months Ended
Dec. 31, 2021
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment, Net

Note G: Property, Plant and Equipment, Net

 

December 31

 

 

 

 

 

 

 

 

(in millions)

 

2021

 

 

2020

 

Land and land improvements

 

$

1,530.1

 

 

$

1,231.9

 

Mineral reserves and interests

 

 

2,924.5

 

 

 

2,529.7

 

Buildings

 

 

169.6

 

 

 

164.2

 

Machinery and equipment

 

 

5,357.7

 

 

 

4,782.0

 

Construction in progress

 

 

162.2

 

 

 

209.4

 

Finance lease right-of-use assets

 

 

225.9

 

 

 

37.8

 

Total property, plant and equipment

 

 

10,370.0

 

 

 

8,955.0

 

Less: accumulated depreciation, depletion and amortization

 

 

(4,032.0

)

 

 

(3,712.7

)

Property, plant and equipment, net

 

$

6,338.0

 

 

$

5,242.3

 

 

Depreciation, depletion and amortization expense related to property, plant and equipment was $422.4 million, $376.3 million and $354.4 million for the years ended December 31, 2021, 2020 and 2019, respectively. Depreciation, depletion and amortization expense includes amortization of ROU assets from finance leases.

Interest of $5.6 million, $4.2 million and $5.1 million was capitalized during 2021, 2020 and 2019, respectively.

At December 31, 2021 and 2020, $44.9 million and $46.0 million, respectively, of the Building Materials business’ property, plant and equipment, net, were located in foreign countries, namely The Bahamas and Canada.