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Plant, Property and Equipment, Net (Notes) | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
Plant, Property and Equipment, Net | PLANT, PROPERTY AND EQUIPMENT, NET The following table summarizes our property, plant, and equipment, net of accumulated depreciation.
As of December 31 | Useful life (in years) |  | 2022 |  | 2021
Machinery and equipment | 2 - 10 |  | $ | 1,208.3 |  |  | $ | 1,202.0 |
Buildings and improvements | 5 - 40 |  | 277.6 |  |  | 265.5 |
Furniture, fixtures and office equipment | 3 - 7 |  | 80.5 |  |  | 78.3 |
Land and improvements |  |  | 29.3 |  |  | 32.5 |
Construction in progress |  |  | 86.9 |  |  | 62.8 |
Other |  |  | 3.3 |  |  | 4.3 |
Plant, property and equipment, gross |  |  | 1,685.9 |  |  | 1,645.4 |
Less: accumulated depreciation |  |  | (1,159.1) |  |  | (1,136.3) |
Plant, property and equipment, net |  |  | $ | 526.8 |  |  | $ | 509.1 |
Depreciation expense of $80.7, $85.8, and $83.2 was recognized in 2022, 2021 and 2020, respectively. During 2022, we recorded a gain of $14.7 related to the sale of a former operating facility with a book value of $3.1 that was previously held by a business within our IP segment. During 2021, we recorded a gain of $7.0 related to the sale of land with a book value of $0.1 that was previously held by a business within our MT segment. The gains were recorded within Gain on sale of long-lived assets in our Consolidated Statements of Operations.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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