Property, Plant and Equipment

12 Months Ended

Dec. 31, 2022

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, 2022 and 2021 are summarized as follows:

	2022			2021
Land	$	17.9		$	19.4
Building and improvements		194.7			203.4
Machinery, equipment and tooling		300.6			298.9
Furniture and fixtures		13.8			14.5
Computer hardware and software		129.4			125.6
Rental cranes		157.8			144.2
Construction in progress		8.4			15.1
Total cost		822.6			821.1
Less accumulated depreciation		(487.3	)		(462.3	)
Property, plant and equipment — net	$	335.3		$	358.8

Assets Held for Sale

As of December 31, 2022, the Company had $6.7 million of property, plant and equipment classified as assets held for sale recorded in other current assets in the Consolidated Balance Sheets. This amount relates to the assets of one of the Company's Brazilian subsidiaries, Manitowoc Brasil Guindastes Ltda, that the Company committed to sell in 2022 and a manufacturing building and land in Fanzeres, Portugal. Refer to Note 24, “Subsequent Event,” for additional information on the sale of the Company's Brazilian entity.

As of December 31, 2021, the Company had $3.1 million of property, plant and equipment classified as assets held for sale recorded in other current assets in the Consolidated Balance Sheets. This amount relates to a manufacturing building and land in Fanzeres, Portugal.