Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Note 2—Property, Plant and Equipment, net

Property, plant and equipment and the related accumulated depreciation are as follows (in millions):


	June 30,			December 31,
	2024			2023
Land	$	37.6		$	37.7
Building and improvements		268.0			265.5
Equipment, furniture, and fixtures		546.1			525.7
		851.7			828.9
Less: accumulated depreciation		(547.0	)		(513.6	)
Total property, plant and equipment, net	$	304.7		$	315.3

Depreciation expense for the three and six months ended June 30, 2024 was $18.4 million and $36.3 million, respectively. Depreciation expense for the three and six months ended June 30, 2023 was $18.1 million and $37.1 million, respectively. As of June 30, 2024 and December 31, 2023, assets held for sale were $5.9 million and $9.0 million, respectively, and are presented in prepaid expenses and other current assets in our condensed consolidated balance sheet. Unpaid property, plant and equipment additions of $14.0 million and $2.9 million are included in accounts payable and other accrued expenses as of June 30, 2024 and December 31, 2023, respectively, in our condensed consolidated balance sheet.