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Property, Plant and Equipment, Net ("PP&E")
 6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net ("PP&E")
4.
Property, Plant and Equipment, Net (“PP&E”)

PP&E consists of the following:

 

June 30,

 

 

December 31,

 

 

2023

 

 

2022

 

Land

$

28.3

 

 

$

28.1

 

Buildings and improvements

 

305.8

 

 

 

299.1

 

Machinery and equipment

 

879.9

 

 

 

856.5

 

Software

 

117.5

 

 

 

109.1

 

Office equipment and other assets

 

103.3

 

 

 

96.9

 

Construction in progress

 

240.7

 

 

 

211.5

 

Gross PP&E

 

1,675.5

 

 

 

1,601.2

 

Less accumulated depreciation and amortization

 

873.1

 

 

 

840.1

 

Net PP&E

$

802.4

 

 

$

761.1

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Depreciation expense on PP&E

$

17.7

 

 

$

16.8

 

 

$

34.6

 

 

$

33.4