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Property, Plant and Equipment, Net (Tables) | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Schedule of Property, Plant and Equipment, Net | Depreciation for property, plant and equipment, other than land and construction in progress, is based upon the following estimated useful lives using the straight-line method:
Building and building improvements | 20 to 39 years
Leasehold improvements | Lesser of lease term or useful life of asset
Machinery and equipment | 2 to 15 years
Furniture and fixtures | 3 to 5 years
Property, plant and equipment at cost and accumulated depreciation were as follows:
| As of December 31,
(in millions) | 2023 |  | 2022
Land(1) | $ | 9.0 |  |  | $ | 2.5 |
Building and building improvements(2) | 205.3 |  |  | 163.9 |
Machinery and equipment | 572.2 |  |  | 527.0 |
Furniture and fixtures | 18.1 |  |  | 17.2 |
Leasehold improvements | 16.0 |  |  | 11.7 |
Construction in process | 137.5 |  |  | 112.3 |
Property, plant and equipment, gross | 958.1 |  |  | 834.6 |
Less: accumulated depreciation(2) | (293.2) |  |  | (234.7) |
Property, plant and equipment, net | $ | 664.9 |  |  | $ | 599.9 |
(1) Includes $6.5 million of land at December 31, 2023 related to the finance lease discussed in Note 15. (2) Includes $31.7 million of building and building improvements and $0.4 million of accumulated depreciation at December 31, 2023 related to the finance lease discussed in Note 15.

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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