Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

Note 4—Property, Plant and Equipment, net

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

	December 31,
	2024			2023
Land	$	36.7		$	37.7
Building and improvements		256.6			265.5
Equipment, furniture, and fixtures		487.2			525.7
		780.5			828.9
Less: accumulated depreciation		(480.9	)		(513.6	)
Total property, plant and equipment, net	$	299.6		$	315.3

Depreciation expense for the years ended December 31, 2024, 2023 and 2022 was $73.5 million, $73.8 million and $76.2 million, respectively. As of December 31, 2024 and 2023, assets held for sale were $5.9 million and $9.0 million, respectively, and are presented in prepaid assets and other current assets in our consolidated balance sheet. Unpaid property, plant and equipment additions of $3.6 million and $2.9 million are included in accounts payable and other accrued expenses as of December 31, 2024 and 2023, respectively, in our consolidated balance sheet.