Property, Plant and Equipment

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

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


	March 31, 2022		December 31, 2021
Land	$	30.4	$	30.7
Buildings (including improvements)	1,240.9		1,242.0
Machinery and equipment	2,312.8		2,276.5
Tooling	1,050.6		1,051.1
Capitalized software	330.5		323.0
Construction-in-progress	93.1		117.1
Total	5,058.3		5,040.4
Less: accumulated depreciation	(2,730.4)		(2,654.9)
Property, plant and equipment, net	$	2,327.9	$	2,385.5

Capitalized interest was $1.4 and $1.4 for the three months ended March 31, 2022 and April 1, 2021, respectively. Repair and maintenance costs are expensed as incurred. The Company recognized repair and maintenance costs of $34.9 and $34.4 for the three months ended March 31, 2022 and April 1, 2021, 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 $5.0 and $4.1 for the three months ended March 31, 2022 and April 1, 2021, 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 March 31, 2022, there were no events which would require the Company to update its impairment analysis.