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Property, Plant and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Components 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,
| 2024 |  | 2023
Land | $ | 30.3 |  |  | $ | 23.7 |
Buildings and improvements | 427.8 |  |  | 371.9 |
Machinery and equipment | 1,056.6 |  |  | 965.0 |
Finance leases | 84.9 |  |  | 72.2 |
Construction in progress and equipment not yet in service | 157.3 |  |  | 198.4 |
Total | 1,756.9 |  |  | 1,631.2 |
Less accumulated depreciation | (956.8) |  |  | (910.8) |
Property, plant and equipment, net | $ | 800.1 |  |  | $ | 720.4 |

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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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