Company: LW
Filing Date: 2025-04-03
Form Type: 10-Q
Source: 0001679273-25-000026
Chunk: 65

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-04-03
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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2)(2,128.1)Property, plant and equipment, net$3,585.2 $3,582.8 At February 23, 2025 and May 26, 2024, purchases of property, plant and equipment included in accounts payable were $107.7 million and $292.0 million, respectively.Below is a breakdown of depreciation and amortization between cost of sales (“COS”) and selling, general and administrative expenses (“SG&A”) for the thirteen and thirty-nine weeks ended February 23, 2025 and February 25, 2024.Thirteen Weeks EndedThirty-Nine Weeks Ended(in millions)February 23,2025February 25,2024February 23,2025February 25,2024Depreciation - COS$83.9 $67.7 $242.0 $194.4 Depreciation - SG&A4.1 3.0 11.1 8.7 Depreciation - Restructuring expense (a)4.5 — 33.4 — $92.5 $70.7 $286.5 $203.1 Amortization - SG&A$8.5 $7.1 $23.2 $12.4 ___________________________________________(a)See Note 4, Restructuring Plan, of these Condensed Notes to Consolidated Financial Statements for additional information.Interest capitalized within construction in progress for the thirteen weeks ended February 23, 2025 and February 25, 2024, was $4.2 million and $13.8 million, respectively; and $19.1 million and $37.3 million for the thirty-nine weeks ended February 23, 2025 and February 25, 2024, respectively.

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7. GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS

The following table presents changes in goodwill balances, by segment, for the thirty-nine weeks ended February 23, 2025: (in millions)North AmericaInternationalTotalBalance at May 26, 2024$728.8 $331.1 $1,059.9 Foreign currency translation adjustment(22.6)(10.3)(32.9)Balance at February 23, 2025$706.2 $320.8 $1,027.0 Other identifiable intangible assets were as follows