Property, Plant and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

9. Property, Plant and Equipment

The components of property, plant and equipment as of December 31, 2021 and 2020 are summarized as follows:

	2021			2020
Land	$	19.4		$	20.3
Building and improvements		203.4			203.7
Machinery, equipment and tooling		298.9			292.6
Furniture and fixtures		14.5			21.0
Computer hardware and software		125.6			119.3
Rental cranes		144.2			90.2
Construction in progress		15.1			9.0
Total cost		821.1			756.1
Less accumulated depreciation		(462.3	)		(461.8	)
Property, plant and equipment — net	$	358.8		$	294.3

Assets Held for Sale

As of December 31, 2021 and 2020 the Company had $3.1 million and $3.3 million, respectively, classified as other current assets in the Consolidated Balance Sheets. These amounts relate to a manufacturing building and land in Fanzeres, Portugal that are held for sale.

Asset Impairment

During the year ended December 31, 2021, the Company recorded an asset impairment of $1.9 million to write-down the value of one of the Company's Brazil entities to its expected sale price. The Company recorded no asset impairment charges for the year ended December 31, 2020.