Plant, Property and Equipment, Net

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Plant, Property and Equipment, Net

PLANT, PROPERTY AND EQUIPMENT, NET

	Useful life (in years)	2018			2017
Machinery and equipment	2 - 10	$	1,056.9		$	1,039.9
Buildings and improvements	5 - 40	265.3			262.5
Furniture, fixtures and office equipment	3 - 7	69.1			74.5
Construction work in progress		67.9			58.4
Land and improvements		27.8			28.7
Other		10.3			10.9
Plant, property and equipment, gross		1,497.3			1,474.9
Less: accumulated depreciation		(978.5		)	(953.2		)
Plant, property and equipment, net		$	518.8		$	521.7

Depreciation expense of $82.8, $78.3 and $74.1 was recognized in 2018, 2017 and 2016, respectively.

In 2018, we completed the sale of excess property for net proceeds of $40, and recognized a pre-tax gain of $38.5.