Lineage, Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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Sep 30, 2025 · Filed Nov 5, 2025
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Property, plant, and equipment
(6)Property, plant, and equipment
Property, plant, and equipment, net consists of the following:
| (in millions) | September 30, 2025 | December 31, 2024 | Estimated Useful Life (Years) |
|---|---|---|---|
| Buildings, building improvements, and refrigeration equipment | $9,428 | $8,759 | 1 — 40 |
| Land and land improvements | 1,659 | 1,530 | 15 — Indefinite |
| Machinery and equipment | 1,652 | 1,578 | 5 — 20 |
| Railcars | 545 | 549 | 7 — 50 |
| Furniture, fixtures, equipment, and software | 737 | 669 | 1 — 7 |
| Gross property, plant, and equipment | 14,021 | 13,085 | |
| Less accumulated depreciation | (3,377) | (2,854) | |
| Construction in progress | 610 | 396 | |
| Property, plant, and equipment, net | $11,254 | $10,627 |
For the three and nine months ended September 30, 2025, the Company recorded impairment charges related to property, plant, and equipment of $1 million and $2 million, respectively.
For the three and nine months ended September 30, 2024, the Company recorded impairment charges related to property, plant, and equipment of $4 million and $33 million, respectively. Of these, $1 million and $25 million, respectively, 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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