Lineage, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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Jun 30, 2025 · Filed Aug 6, 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) | June 30, 2025 | December 31, 2024 | Estimated Useful Life (Years) |
|---|---|---|---|
| Buildings, building improvements, and refrigeration equipment | $9,414 | $8,759 | 1 — 40 |
| Land and land improvements | 1,661 | 1,530 | 15 — Indefinite |
| Machinery and equipment | 1,669 | 1,578 | 5 — 20 |
| Railcars | 549 | 549 | 7 — 50 |
| Furniture, fixtures, equipment, and software | 734 | 669 | 1 — 7 |
| Gross property, plant, and equipment | 14,027 | 13,085 | |
| Less accumulated depreciation | (3,223) | (2,854) | |
| Construction in progress | 519 | 396 | |
| Property, plant, and equipment, net | $11,323 | $10,627 |
For the six months ended June 30, 2025, the Company recorded impairment charges of $1 million. No impairment charges were recorded for the three months ended June 30, 2025. For the three and six months ended June 30, 2024, the Company recorded impairment charges of $29 million, $24 million of which was related to losses from the warehouse fire in Kennewick, Washington (refer to Note 17, Commitments and contingencies for details). 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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