Property, Plant And Equipment

6 Months Ended

Mar. 29, 2020

Property, Plant And Equipment [Abstract]

Property, Plant And Equipment

NOTE 8 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

(in millions)	March 29, 2020		September 30, 2019
Land, buildings and improvements	$	130.2	$	161.4
Machinery, equipment and other		501.6		523.6
Finance leases		198.6		197.2
Construction in progress		27.0		31.7
Property, plant and equipment	$	857.4	$	913.9
Accumulated depreciation		(461.2)		(461.0)
Property, plant and equipment, net	$	396.2	$	452.9

Depreciation expense from property, plant and equipment for the three month periods ended March 29, 2020 and March 31, 2019 was $19.4 million and $19.3 million, respectively; and for the six month periods ended March 29, 2020 and March 31, 2019 was $44.0 million and $52.5 million, respectively. During the six month period ended March 31, 2019, the Company recognized incremental depreciation of $13.5 million attributable to depreciation on property plant and equipment of HPC assets that were previously held for sale.

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