XML 22 R11.htm IDEA: XBRL DOCUMENT v3.24.3
Property, Plant and Equipment
9 Months Ended
Sep. 27, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment PROPERTY, PLANT AND EQUIPMENT
The classes of property, plant and equipment are summarized as follows ($ in millions):
September 27, 2024December 31, 2023
Land and improvements$10.0 $10.0 
Buildings and improvements167.9 157.4 
Machinery, equipment and other assets437.2 417.9 
Construction in progress40.5 65.3 
Gross property, plant and equipment655.6 650.6 
Less: accumulated depreciation(364.1)(341.0)
Property, plant and equipment, net$291.5 $309.6 
For the nine months ended September 27, 2024, the Company recognized fixed asset impairment charges of $13.0 million for certain assets included in machinery, equipment and other assets and construction in progress related to its Specialty Products & Technologies segment. The fixed asset impairment charge is recorded as a component of cost of sales within the Condensed Consolidated Statement of Operations. There were no impairment charges for the three months ended September 27, 2024 nor for the three and nine months ended September 29, 2023.