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PLANT, PROPERTY AND EQUIPMENT, NET | 6 Months Ended
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Jul. 01, 2023
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.
| Useful life (in years) |  | July 1, 2023 |  | December 31, 2022
Machinery and equipment | 2 - 10 |  | $ | 1,272.0 |  |  | $ | 1,208.3 |
Buildings and improvements | 5 - 40 |  | 284.5 |  |  | 277.6 |
Furniture, fixtures and office equipment | 3 - 7 |  | 82.4 |  |  | 80.5 |
Construction work in progress |  |  | 73.9 |  |  | 86.9 |
Land and improvements |  |  | 29.1 |  |  | 29.3 |
Other |  |  | 3.1 |  |  | 3.3 |
Plant, property and equipment, gross |  |  | 1,745.0 |  |  | 1,685.9 |
Less: Accumulated depreciation |  |  | (1,216.3) |  |  | (1,159.1) |
Plant, property and equipment, net |  |  | $ | 528.7 |  |  | $ | 526.8 |
The following table summarizes our depreciation expense.
| Three Months Ended |  | Six Months Ended
| July 1, 2023 |  | July 2, 2022 |  | July 1, 2023 |  | July 2, 2022
Depreciation expense | $ | 20.4 |  |  | $ | 21.0 |  |  | $ | 41.1 |  |  | $ | 42.0 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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