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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
8.
Property, Plant and Equipment

Property, plant and equipment consisted of the following (in millions):

 

 

 

As of December 31,

 

 

 

2022

 

 

2021

 

Land

 

$

19.2

 

 

$

20.1

 

Building and equipment

 

 

2,093.4

 

 

 

2,086.0

 

Capitalized software costs

 

 

518.2

 

 

 

454.9

 

Instruments

 

 

3,683.5

 

 

 

3,460.4

 

Construction in progress

 

 

144.1

 

 

 

116.3

 

 

 

 

6,458.4

 

 

 

6,137.7

 

Accumulated depreciation

 

 

(4,585.9

)

 

 

(4,301.1

)

Property, plant and equipment, net

 

$

1,872.5

 

 

$

1,836.6

 

 

Depreciation expense was $399.6 million, $408.1 million and $386.3 million for the years ended December 31, 2022, 2021 and 2020, respectively.

 

We had $17.0 million and $10.3 million of property, plant and equipment included in accounts payable as of December 31, 2022 and 2021, respectively.