Lineage Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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Property, plant, and equipment
(5)Property, plant, and equipment
Property, plant, and equipment, net consists of the following:
| (in millions) | December 31, 2024 | December 31, 2023 | Estimated Useful Life (Years) |
|---|---|---|---|
| Buildings, building improvements, and refrigeration equipment | $8,759 | $8,545 | 1 — 40 |
| Land and land improvements | 1,530 | 1,446 | 15 — Indefinite |
| Machinery and equipment | 1,578 | 1,316 | 5 — 20 |
| Railcars | 549 | 535 | 7 — 50 |
| Furniture, fixtures, equipment, and software | 669 | 563 | 1 — 7 |
| Gross property, plant, and equipment | 13,085 | 12,405 | |
| Less accumulated depreciation | (2,854) | (2,266) | |
| Construction in progress | 396 | 432 | |
| Property, plant, and equipment, net | $10,627 | $10,571 |
For the years ended December 31, 2024, 2023, and 2022, the Company recorded impairment charges of $35 million, $2 million, and $1 million, respectively. In 2024 the charges primarily related to losses from the warehouse fire in Kennewick, Washington (refer to Note 20, Commitments and contingencies for details). Impairment charges are included in Restructuring, impairment, and (gain) loss on disposals in the consolidated statements of operations and comprehensive income (loss).
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