Property, Plant And Equipment

9 Months Ended

Jun. 30, 2019

Property, Plant And Equipment [Abstract]

Property, Plant And Equipment

NOTE 9 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

(in millions)	June 30, 2019		September 30, 2018
Land, buildings and improvements	$	162.7	$	161.2
Machinery, equipment and other		519.1		489.3
Capital leases		197.8		199.6
Construction in progress		32.1		32.3
Property, plant and equipment	$	911.7	$	882.4
Accumulated depreciation		(446.8)		(382.4)
Property, plant and equipment, net	$	464.9	$	500.0

Depreciation expense from property, plant and equipment for the three month periods ended June 30, 2019 and 2018 was $19.4 million and $16.3 million, respectively; and for the nine month periods ended June 30, 2019 and 2018 was $71.8 and $55.5, respectively. During the first quarter of fiscal year 2019 the Company recognized incremental depreciation of $13.5 million attributable to depreciation on property plant and equipment of assets of HPC that were previously held for sale. See Note 3 – Divestitures for further discussion of the change in plan to sell the HPC division.