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Property and Equipment, net
9 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

5. Property and Equipment, net

Property and equipment, net consists of the following:

 

 

 

Useful Life

 

June 30,
2023

 

 

September 30,
2022

 

Land

 

 

$

44.7

 

 

$

43.3

 

Buildings and leasehold improvements

 

2-40 yrs.

 

 

46.8

 

 

 

46.3

 

Operating equipment

 

2-7 yrs.

 

 

343.8

 

 

 

302.4

 

Transportation vehicles

 

3-7 yrs.

 

 

348.4

 

 

 

339.8

 

Office equipment and software

 

3-10 yrs.

 

 

79.0

 

 

 

75.1

 

Construction in progress

 

 

 

5.3

 

 

 

5.7

 

Property and equipment

 

 

 

 

868.0

 

 

 

812.6

 

Less: Accumulated depreciation

 

 

 

 

537.3

 

 

 

484.3

 

Property and equipment, net

 

 

 

$

330.7

 

 

$

328.3

 

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 $26.4 and $25.7 for the three months ended June 30, 2023 and 2022, respectively. Depreciation expense related to property and equipment was $80.9 and $71.5 for the nine months ended June 30, 2023 and 2022, respectively.