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Property, Plant And Equipment
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
The major components of property, plant and equipment were as follows:
December 31,
  (dollars in millions)
20202019
Land and leasehold improvements$53.2 $68.6 
Buildings and improvements139.5 113.5 
Machinery, equipment, fixtures and software245.8 220.0 
Construction in process22.3 16.0 
Total property, plant and equipment460.8 418.1 
Accumulated depreciation (220.4)(153.3)
Property, plant and equipment, net$240.4 $264.8 
For 2020, 2019 and 2018, the Company recorded depreciation expense of $42.2 million, $41.5 million and $44.6 million, respectively. 
During the third quarter of 2020, the Company met the requirements to classify a dormant facility in New Jersey, included in its Electronics business segment, as held for sale. The current assets held for sale represented the net book value of the land of $17.2 million and the building of $2.5 million as of December 31, 2020. No impairment was identified. The Company received initial deposits of $4.6 million, which are included in "Other, net" in the Consolidated Statements of Cash Flows as a cash inflow from investing activities. The sale was completed in January 2021.