Property, Plant And Equipment

3 Months Ended

Dec. 29, 2019

Property, Plant And Equipment [Abstract]

Property, Plant And Equipment

NOTE 7 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

(in millions)	December 29, 2019		September 30, 2019
Land, buildings and improvements	$	132.5	$	161.4
Machinery, equipment and other		493.1		523.6
Finance leases		197.9		197.2
Construction in progress		36.8		31.7
Property, plant and equipment	$	860.3	$	913.9
Accumulated depreciation		(456.9)		(461.0)
Property, plant and equipment, net	$	403.4	$	452.9

Depreciation expense from property, plant and equipment for the three month periods ended December 29, 2019 and December 30, 2018 was $24.6 million and $33.2 million, respectively. During the three month period ended December 30, 2018, 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.

‎