PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following:


	As of December 31,
	2023		2022
	(In millions)
Land	$	868.3	$	673.8
Buildings and leasehold improvements	1,465.2		1,318.8
Machinery and equipment	171.9		145.4
Furniture and fixtures	97.8		91.1
Company vehicles	16.5		14.0
Construction in progress	92.0		36.5
Gross property and equipment	2,711.7		2,279.5
Less—Accumulated depreciation	(396.1)		(338.5)
Property and equipment, net (a)	$	2,315.7	$	1,941.0

______________________________

(a) Property and equipment, net as of December 31, 2023 and 2022, excluded $136.6 million and $24.0 million, respectively classified as assets held for sale. In addition, property and equipment, net as of December 31, 2023 and 2022 included finance leases of $8.4 million and $8.1 million, respectively.

Depreciation expense was $67.7 million, $69.0 million, and $41.9 million for the years ended December 31, 2023, 2022, and 2021, respectively.