Company: ICUI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000883984-25-000007
Chunk: 322

Company: ICU MEDICAL INC/DE
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 322
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 for sale during the fourth quarter of 2024 were combined with other disposal group assets and presented as a separate line item "Assets Held For Sale" in our consolidated balance sheet (See Note 4:Assets Held For Sale).Property, Plant and Equipment Property, plant and equipment consists of the following (in thousands): As of December 31, 20242023Machinery and equipment(1)$400,861 $483,382 Land, building and building improvements(1)177,089 278,251 Molds96,318 89,573 Computer equipment and software(1)122,208 122,038 Furniture and fixtures(1)27,871 30,662 Instruments placed with customers(2)124,290 115,672 Construction in progress(1)87,006 117,219 Total property, plant and equipment, cost1,035,643 1,236,797 Accumulated depreciation(1)(592,897)(623,888)Property, plant and equipment, net (1)$442,746 $612,909 _______________________________(1)      As of December 31, 2024, certain property, plant and equipment category account balances that are part of a disposal group that met the criteria for assets held for sale during the fourth quarter of 2024 were combined with other disposal group assets and presented as a separate line item "Assets held For Sale" in our consolidated balance sheet, $99.4 million of accumulated depreciation was included in the disposal group and reclassified to assets held for sale. See Note 4: Assets Held For Sale.(2)    Instruments placed with customers consist of drug-delivery and monitoring systems placed with customers under operating leases.All property, plant and equipment are stated at cost. We use the straight-line method for depreciating property, plant  and equipment over their estimated useful lives.  Estimated useful lives are:

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ICU MEDICAL, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Buildings15 - 30 yearsBuilding improvements15 - 30 yearsMachinery and equipment and molds2 - 15 yearsFurniture, fixtures and office equipment2 - 5 yearsComputer equipment and software3 - 5 yearsInstruments placed with customers3 - 10 years We capitalize expenditures that materially increase the life of the related assets; maintenance and repairs are exp