Lineage, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
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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, 2025 | December 31, 2024 | Estimated Useful Life (Years) |
|---|---|---|---|
| Buildings, building improvements, and refrigeration equipment | $9,601 | $8,759 | 5 — 40 |
| Land and land improvements | 1,683 | 1,530 | 15 — Indefinite |
| Machinery and equipment | 1,732 | 1,578 | 3 — 20 |
| Railcars | 540 | 549 | 5 — 50 |
| Furniture, fixtures, equipment, and software | 753 | 669 | 3 — 7 |
| Gross property, plant, and equipment | 14,309 | 13,085 | |
| Less: Accumulated depreciation | (3,544) | (2,854) | |
| Construction in progress | 573 | 396 | |
| Property, plant, and equipment, net | $11,338 | $10,627 |
For the years ended December 31, 2025, 2024 and 2023, the Company recorded impairment charges related to property, plant, and equipment of $4 million, $35 million and $2 million, respectively. Of the 2024 impairment charges, $25 million was related to losses from the warehouse fire in Kennewick, Washington (refer to Note 20, Commitments and contingencies for details).
In December 2025, the Company sold a building and certain related assets in the U.S. for $60 million and recognized a gain on sale of $27 million.
Impairment charges and the gain on sale of assets are included in Restructuring, impairment, and (gain) loss on disposals in the consolidated statements of operations and comprehensive income (loss).
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