Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Estimated Useful Lives of Depreciable Assets

The provision for depreciation has been computed principally by the straight-line method based on the estimated useful lives of the depreciable assets as follows:

Category	Useful Life
Buildings	30 years
Leased assets and leasehold improvements	Amortized over the lesser of the economic life of the asset or the term of the lease
Machinery, equipment and other assets	3 – 10 years

The classes of property, plant and equipment as of December 31 are summarized as follows ($ in millions):

	2022		2021
Land and improvements	$	10.0	$	10.7
Buildings and improvements	154.5		168.7
Machinery, equipment and other assets	370.2		354.5
Construction in progress	71.2		45.6
Gross property, plant and equipment	605.9		579.5
Less: accumulated depreciation	(312.3)		(315.4)
Property, plant and equipment, net	$	293.6	$	264.1