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Property and Equipment, net
6 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

5. Property and Equipment, net

Property and equipment, net consists of the following:

 

 

 

Useful Life

 

March 31,
2022

 

 

September 30,
2021

 

Land

 

 

$

43.3

 

 

$

42.2

 

Buildings and leasehold improvements

 

2-40 yrs.

 

 

44.3

 

 

 

38.6

 

Operating equipment

 

2-7 yrs.

 

 

277.1

 

 

 

239.1

 

Transportation vehicles

 

3-7 yrs.

 

 

314.6

 

 

 

288.4

 

Office equipment and software

 

3-10 yrs.

 

 

73.1

 

 

 

74.3

 

Construction in progress

 

 

 

3.9

 

 

 

4.1

 

Property and equipment

 

 

 

 

756.3

 

 

 

686.7

 

Less: Accumulated depreciation

 

 

 

 

455.0

 

 

 

422.3

 

Property and equipment, net

 

 

 

$

301.3

 

 

$

264.4

 

Construction in progress includes costs incurred for software and other assets that have not yet been placed in service. Depreciation expense related to property and equipment was $24.4 and $20.7 for the three months ended March 31, 2022 and 2021, respectively. Depreciation expense related to property and equipment was $45.8 and $42.3 for the six months ended March 31, 2022 and 2021, respectively.