Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

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, 2023 and 2022 are summarized as follows:

	2023			2022
Land	$	14.9		$	17.9
Building and improvements		201.5			194.7
Machinery, equipment and tooling		318.4			300.6
Furniture and fixtures		13.8			13.8
Computer hardware and software		135.8			129.4
Rental cranes		201.9			157.8
Construction in progress		7.2			8.4
Total cost		893.5			822.6
Less accumulated depreciation		(527.4	)		(487.3	)
Property, plant and equipment — net	$	366.1		$	335.3

Additions to property, plant and equipment included in accounts payable and accrued expenses in the Consolidated Balance Sheets as of December 31, 2023 was $7.0 million.

Assets Held for Sale

As of December 31, 2023, the Company had $3.0 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.

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.