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PROPERTY, PLANT AND EQUIPMENT (Tables) | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Schedule of Classes of Property, Plant and Equipment | The provision for depreciation has been computed principally by the straight-line method based on the estimated useful lives of the depreciable assets as follows:
Category |  | Useful Life
Buildings |  | 30 years
Leased assets and leasehold improvements |  | Amortized over the lesser of the economic life of the asset or the term of the lease
Machinery, equipment and other |  | 3 – 10 years
The classes of property, plant and equipment as of December 31 are summarized as follows ($ in millions):
| 2023 |  | 2022
Land and improvements | $ | 54.4 |  |  | $ | 54.3 |
Buildings and leasehold improvements | 317.2 |  |  | 312.3 |
Machinery, equipment and other | 877.2 |  |  | 809.8 |
Gross property, plant and equipment | 1,248.8 |  |  | 1,176.4 |
Less: accumulated depreciation | (809.0) |  |  | (754.5) |
Property, plant and equipment, net | $ | 439.8 |  |  | $ | 421.9 |

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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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