Lineage, Inc.
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 30, 2025
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Property, plant, and equipment
(4)Property, plant, and equipment
Property, plant, and equipment, net consists of the following:
| (in millions) | March 31, 2025 | December 31, 2024 | Estimated Useful Life (Years) |
|---|---|---|---|
| Buildings, building improvements, and refrigeration equipment | $8,825 | $8,759 | 1 — 40 |
| Land and land improvements | 1,543 | 1,530 | 15 — Indefinite |
| Machinery and equipment | 1,591 | 1,578 | 5 — 20 |
| Railcars | 549 | 549 | 7 — 50 |
| Furniture, fixtures, equipment, and software | 699 | 669 | 1 — 7 |
| Gross property, plant, and equipment | 13,207 | 13,085 | |
| Less accumulated depreciation | (3,010) | (2,854) | |
| Construction in progress | 447 | 396 | |
| Property, plant, and equipment, net | $10,644 | $10,627 |
For the three months ended March 31, 2025, the Company recorded impairment charges of $1 million. For the three months ended March 31, 2024, the Company recordedno impairment charges. Impairment charges are included in Restructuring, impairment, and (gain) loss on disposals in the condensed consolidated statements of operations and comprehensive income (loss).
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