Property and Equipment, net

3 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

5. Property and Equipment, net

Property and equipment, net consists of the following:


	Useful Life	December 31, 2024		September 30, 2024
Land	—	$	42.9	$	42.9
Buildings and leasehold improvements	2-40 yrs.		46.8		46.7
Operating equipment	2-7 yrs.		399.1		388.3
Transportation vehicles	3-7 yrs.		408.3		403.1
Office equipment and software	3-10 yrs.		53.4		48.6
Construction in progress	—		2.1		4.9
Property and equipment			952.6		934.5
Less: Accumulated depreciation			552.3		542.6
Property and equipment, net		$	400.3	$	391.9

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 $30.4 and $25.6 for the three months ended December 31, 2024 and 2023, respectively.