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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Accounting Policies [Abstract] |
Estimated useful lives of property, plant and equipment | Depreciation is computed using the straight-line method over the following estimated useful lives:
Buildings and improvements: |
Buildings and improvements | 2 to 40 years
Leasehold improvements | 1 to 39 years
Machinery and equipment: |
Computer hardware | 3 to 5 years
Computer software | 3 to 10 years
Factory machinery and equipment | 1 to 15 years
Research and development equipment | 3 to 5 years
Vehicles | 3 to 10 years
Components of Property, plant and equipment, net were as follows (in millions):
| As of December 31,
| 2023 |  | 2022
Land | $ | 23.7 |  |  | $ | 24.1 |
Buildings and improvements | 371.9 |  |  | 321.6 |
Machinery and equipment | 965.0 |  |  | 964.7 |
Finance leases | 72.2 |  |  | 66.5 |
Construction in progress and equipment not yet in service | 198.4 |  |  | 92.8 |
Total | 1,631.2 |  |  | 1,469.7 |
Less accumulated depreciation | (910.8) |  |  | (920.8) |
Property, plant and equipment, net | $ | 720.4 |  |  | $ | 548.9 |
Summary of amortization of intangible assets | The range of useful lives approximates the following (in years):
Customer relationships | 2 to 20 years
Non-compete agreements | Contracted term
Trade names | 2 to 10 years

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