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PLANT, PROPERTY AND EQUIPMENT, NET | 9 Months Ended
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Sep. 28, 2024
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) |  | September 28, 2024 |  | December 31, 2023
Machinery and equipment | 2 - 10 |  | $ | 1,326.7 |  |  | $ | 1,317.9 |
Buildings and improvements | 5 - 40 |  | 316.9 |  |  | 298.4 |
Furniture, fixtures and office equipment | 3 - 7 |  | 84.3 |  |  | 83.7 |
Construction work in progress |  |  | 96.8 |  |  | 78.1 |
Land and improvements |  |  | 26.9 |  |  | 29.5 |
Other |  |  | 2.1 |  |  | 1.7 |
Plant, property and equipment, gross |  |  | 1,853.7 |  |  | 1,809.3 |
Less: Accumulated depreciation |  |  | (1,274.9) |  |  | (1,248.3) |
Plant, property and equipment, net |  |  | $ | 578.8 |  |  | $ | 561.0 |
The following table summarizes our depreciation expense.
| Three Months Ended |  | Nine Months Ended
| September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
Depreciation expense | $ | 21.6 |  |  | $ | 21.8 |  |  | $ | 65.9 |  |  | $ | 62.9 |

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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/1943274/2147477798/958-360-50-6 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/1943274/2147477798/958-360-50-1 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/1943274/2147477798/958-360-50-7 + Details
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