Property, Plant And Equipment

12 Months Ended

Sep. 30, 2019

Property, Plant And Equipment [Abstract]

Property, Plant And Equipment

NOTE 10 - Property, Plant and Equipment

Property, plant and equipment as of September 30, 2019 and 2018 consist of the following:

(in millions)	2019		2018
Land, buildings and improvements	$	161.4	$	161.2
Machinery, equipment and other		523.6		489.3
Capital leases		197.2		199.6
Construction in progress		31.7		32.3
Property, plant and equipment	$	913.9	$	882.4
Accumulated depreciation		(461.0)		(382.4)
Property, plant and equipment, net	$	452.9	$	500.0

Depreciation expense from property, plant and equipment for the years ended September 30, 2019, 2018 and 2017 was $97.4 million, $72.3 million, and $74.6 million, respectively. During the first quarter of the year ended September 30, 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 20 – Segment Information for further discussion of the change in plan to sell the HPC division.