Property, Plant and Equipment, Net

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Note 2—Property, Plant and Equipment, net

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


	March 31,			December 31,
	2023			2022
Land	$	37.2		$	39.3
Building and improvements		264.9			279.2
Equipment, furniture, and fixtures		529.1			523.7
		831.2			842.2
Less: accumulated depreciation		(504.6	)		(498.3	)
Total property, plant and equipment, net	$	326.6		$	343.9

Depreciation expense for the three months ended March 31, 2023 and 2022 was $19.0 million and $19.2 million, respectively. As of March 31, 2023 and December 31, 2022, property, plant and equipment assets, net of $10.1 million and $8.7 million, respectively, 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 $6.1 million are included in accounts payable and other accrued expenses as of March 31, 2023 in our condensed consolidated balance sheet.