PLANT, PROPERTY AND EQUIPMENT, NET

3 Months Ended

Mar. 30, 2024

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)	March 30, 2024		December 31, 2023
Machinery and equipment	2 - 10	$	1,325.3	$	1,317.9
Buildings and improvements	5 - 40	318.4		298.4
Furniture, fixtures and office equipment	3 - 7	81.2		83.7
Construction work in progress		74.4		78.1
Land and improvements		29.9		29.5
Other		1.9		1.7
Plant, property and equipment, gross		1,831.1		1,809.3
Less: Accumulated depreciation		(1,263.0)		(1,248.3)
Plant, property and equipment, net		$	568.1	$	561.0

The following table summarizes our depreciation expense.

For the Three Months Ended	March 30, 2024		April 1, 2023
Depreciation expense	$	22.3	$	20.7