Property, Plant and Equipment

12 Months Ended

Dec. 31, 2019

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

8. Property, Plant and Equipment

The components of property, plant and equipment as of December 31, 2019 and 2018 are summarized as follows: 

	2019			2018
Land	$	24.0		$	24.1
Building and improvements		197.3			195.3
Machinery, equipment and tooling		274.2			269.4
Furniture and fixtures		18.5			16.4
Computer hardware and software		119.3			117.1
Rental cranes		77.7			84.0
Construction in progress		11.2			9.6
Total cost		722.2			715.9
Less accumulated depreciation		(432.3	)		(427.0	)
Property, plant and equipment — net	$	289.9		$	288.9

The Company recorded no asset impairment charges for the year ended December 31, 2019. For the year ended December 31, 2018, the Company recorded $0.4 million in asset impairment charges.

Assets Held for Sale

As of December 31, 2018, the Company had classified $12.9 million as assets held for sale within other current assets on the Consolidated Balance Sheets related to the Manitowoc, Wisconsin manufacturing buildings and land. During 2019, the Company sold the Manitowoc, Wisconsin manufacturing buildings and land previously classified as assets held for sale, which resulted in a $3.5 million gain recorded within other income (expense) – net on the Consolidated Statements of Operations.