Property, Plant and Equipment

3 Months Ended

Apr. 02, 2020

Property, Plant and Equipment [Abstract]

Property, plant and equipment, net consists of the following:



	April 2, 2020			December 31, 2019
Land	$	17.2		$	15.9
Buildings (including improvements)	926.5			924.0
Machinery and equipment	1,989.9			1,941.5
Tooling	1,051.3			1,047.4
Capitalized software	277.3			277.8
Construction-in-progress	178.3			192.8
Total	4,440.5			4,399.4
Less: accumulated depreciation	(2,187.3		)	(2,127.7		)
Property, plant and equipment, net	$	2,253.2		$	2,271.7

Capitalized interest was $1.2 and $2.1 for the three months ended April 2, 2020 and March 28, 2019, respectively. Repair and maintenance costs are expensed as incurred. The Company recognized repair and maintenance costs of $30.5 and $35.6 for the three months ended April 2, 2020 and March 28, 2019, respectively.

The Company capitalizes certain costs, such as software coding, installation, and testing, that are incurred to purchase or to create and implement internal-use computer software. Depreciation expense related to capitalized software was $4.3 and $4.3 for the three months ended April 2, 2020 and March 28, 2019, respectively.

The Company reviews capital and amortizing intangible assets (long-lived assets) for impairment on an annual basis or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. For the period ended April 2, 2020, the Company determined that the economic uncertainty caused by the COVID-19 pandemic was a trigger for an impairment review of long-lived assets. As a result of management’s review, we determined that there is no impairment related to COVID-19 as of April 2, 2020.