PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENTThe major components of property, plant and equipment were as follows:

(dollars in millions)	June 30, 2023		December 31, 2022
Land and leasehold improvements	$	51.2	$	52.0
Buildings and improvements	166.4		163.9
Machinery, equipment, fixtures and software	314.0		299.8
Construction in process	53.0		50.3
Total property, plant and equipment	584.6		566.0
Accumulated depreciation	(302.1)		(288.8)
Property, plant and equipment, net	$	282.5	$	277.2

For the three months ended June 30, 2023 and 2022, the Company recorded depreciation expense of $10.1 million and $10.3 million, respectively. For the six months ended June 30, 2023 and 2022, the Company recorded depreciation expense of $19.6 million and $20.9 million, respectively.