PLANT, PROPERTY AND EQUIPMENT, NET

3 Months Ended

Apr. 01, 2023

Property, Plant and Equipment [Abstract]

PLANT, PROPERTY AND EQUIPMENT, NET

PLANT, PROPERTY AND EQUIPMENT, NET 

The following table summarizes our property, plant, and equipment, net of accumulated depreciation.

	Useful life (in years)	April 1, 2023			December 31, 2022
Machinery and equipment	2 - 10		$	1,250.2		$	1,208.3
Buildings and improvements	5 - 40		282.5			277.6
Furniture, fixtures and office equipment	3 - 7		82.0			80.5
Construction work in progress			70.4			86.9
Land and improvements			29.3			29.3
Other			3.0			3.3
Plant, property and equipment, gross			1,717.4			1,685.9
Less: Accumulated depreciation			(1,189.4)			(1,159.1)
Plant, property and equipment, net			$	528.0		$	526.8

Depreciation expense of $20.7 and $21.0 was recognized in the three months ended April 1, 2023 and April 2, 2022, respectively.