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Property, Plant and Equipment (Tables)
9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Components of Property, Plant and Equipment

The components of property, plant, and equipment as of September 30, 2024 and December 31, 2023 are summarized as follows:

 

 

 

September 30,
2024

 

 

December 31,
2023

 

Land

 

$

15.0

 

 

$

14.9

 

Building and improvements

 

 

204.0

 

 

 

201.5

 

Machinery, equipment, and tooling

 

 

340.9

 

 

 

318.4

 

Furniture and fixtures

 

 

13.9

 

 

 

13.8

 

Computer hardware and software

 

 

138.2

 

 

 

135.8

 

Rental cranes

 

 

206.9

 

 

 

201.9

 

Construction in progress

 

 

9.7

 

 

 

7.2

 

Total cost

 

 

928.6

 

 

 

893.5

 

Less accumulated depreciation

 

 

(562.6

)

 

 

(527.4

)

Property, plant, and equipment — net

 

$

366.0

 

 

$

366.1