Property, Plant and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 6.     Property, Plant and Equipment

Property, plant and equipment consists of the following:

(in millions)	2021			2020
Land	$	20.7		$	21.6
Buildings		69.5			65.5
Equipment		371.5			349.9
Work in progress		23.7			27.5
		485.4			464.5
Less accumulated depreciation and impairment		(271.0	)		(253.7	)
	$	214.4		$	210.8

Of the total net book value of equipment at December 31, 2021, $0.5 million are in respect of assets held under finance leases (2020 – $1.0 million).

Depreciation charges were $26.3 million, $24.7 million and $23.6 million in 2021, 2020 and 2019, respectively.

An impairment charge of $2.0 million was incurred in 2020 as a result of the Octane Additives segment ceasing to trade on June 30, 2020.