Property, Plant and Equipment

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Components of Property, plant and equipment, net were as follows (in millions):

	As of December 31,
	2020		2019
Land	$	24.0	$	23.7
Buildings and improvements	266.1		242.9
Machinery and equipment	928.0		883.4
Finance leases	57.1		47.2
Construction in progress and equipment not yet in service	69.7		72.5
Total	1,344.9		1,269.7
Less accumulated depreciation	(880.6)		(824.3)
Property, plant and equipment, net	$	464.3	$	445.4

No impairment charges were recorded in 2020 or 2019. In 2018, we impaired $4 million of property, plant and equipment at our Marshalltown facility that was damaged by a tornado. Refer to Note 5 for more information on the damage to our Marshalltown facility.