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Plant, Property and Equipment, Net (Notes)
 12 Months Ended
Dec. 31, 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.
As of December 31Useful life
(in years)		20242023
Machinery and equipment
  2 - 10
$1,263.4 $1,317.9 
Buildings and improvements
  5 - 40
293.4 298.4 
Furniture, fixtures and office equipment
3 - 7
73.6 83.7 
Construction in progress103.0 78.1 
Land and improvements25.1 29.5 
Other2.0 1.7 
Plant, property and equipment, gross1,760.5 1,809.3 
Less: accumulated depreciation(1,183.3)(1,248.3)
Plant, property and equipment, net$577.2 $561.0 
Depreciation expense of $88.2, $84.2, and $80.7 was recognized in 2024, 2023 and 2022, respectively.
During 2022, we recorded a gain of $14.7 related to the sale of a former operating facility that was previously held by a business within our IP segment. This gain was recorded within Gain on sale of long-lived assets in our Consolidated Statements of Operations for the year ended December 31, 2022.