Property, Plant and Equipment

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

8. Property, Plant, and Equipment

The components of property, plant, and equipment as of September 30, 2025 and December 31, 2024 are summarized as follows:

	September 30, 2025			December 31, 2024
Land	$	15.5		$	14.3
Building and improvements		218.7			203.3
Machinery, equipment, and tooling		355.9			318.3
Furniture and fixtures		14.2			13.3
Computer hardware and software		135.9			129.6
Rental cranes		178.6			185.7
Construction in progress		9.4			6.9
Total cost		928.2			871.4
Less accumulated depreciation		(581.8	)		(525.2	)
Property, plant, and equipment — net	$	346.4		$	346.2

Property, plant, and equipment is depreciated over the estimated useful life using the straight-line depreciation method for financial reporting and accelerated methods for income tax purposes.

Additions to property, plant, and equipment included in accounts payable and accrued expenses in the Condensed Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024 were $1.6 million and $5.3 million, respectively.