XML 70 R48.htm IDEA: XBRL DOCUMENT

Property, Plant and Equipment, Net (Tables)

12 Months Ended

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.