Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

Note 2—Property, Plant and Equipment, net

Property, plant and equipment and the related accumulated depreciation are as follows (in millions):

	June 30,			December 31,
	2022			2021
Land	$	39.4		$	49.8
Building and improvements		285.4			307.5
Equipment, furniture, and fixtures		506.8			475.4
		831.6			832.7
Less: accumulated depreciation		(475.1	)		(450.7	)
Total property, plant and equipment, net	$	356.5		$	382.0

Depreciation expense for the three and six months ended June 30, 2022 was $19.0 million and $38.2 million, respectively. Depreciation expense for the three and six months ended June 30, 2021 was $19.5 million and $44.4 million, respectively. As of June 30, 2022, property, plant and equipment assets, net of $10.6 million have been reclassified as held for sale and are presented in prepaid expenses and other current assets in our condensed consolidated balance sheet. Unpaid property, plant and equipment additions of $19.2 million are included in accounts payable and other accrued expenses as of June 30, 2022 in our condensed consolidated balance sheet.