Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Note 4—Property, Plant and Equipment, net

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


	December 31,
	2023			2022
Land	$	37.7		$	39.3
Building and improvements		265.5			279.2
Equipment, furniture, and fixtures		525.7			523.7
		828.9			842.2
Less: accumulated depreciation		(513.6	)		(498.3	)
Total property, plant and equipment, net	$	315.3		$	343.9

Depreciation expense for the years ended December 31, 2023, 2022 and 2021 was $73.8 million, $76.2 million and $81.1 million, respectively. As of December 31, 2023 and 2022, assets held for sale were $9.0 million and $8.7 million, respectively, and are presented in prepaid assets and other current assets in our consolidated balance sheet. Unpaid property, plant and equipment additions of $2.9 million and $5.1 million are included in accounts payable and other accrued expenses as of December 31, 2023 and 2022, respectively, in our consolidated balance sheet.