Property, Plant and Equipment

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

The major components of property, plant and equipment were as follows:

(dollars in millions)	September 30, 2019		December 31, 2018
Land and leasehold improvements	$	66.4	$	67.8
Buildings and improvements	102.9		101.0
Machinery, equipment, fixtures and software	209.5		207.3
Construction in process	15.1		14.9
Total property, plant and equipment	393.9		391.0
Accumulated depreciation	(143.9)		(124.1)
Property, plant and equipment, net	$	250.0	$	266.9

For the three months ended September 30, 2019 and 2018, the Company recorded depreciation expense of $10.1 million and $10.9 million, respectively. For the nine months ended September 30, 2019 and 2018, the Company recorded depreciation expense of $30.8 million and $33.8 million, respectively.