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Property and Equipment
12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment:
Property and equipment consists of the following (in millions):
 As of December 31,
 20202019
Land$217.2 $169.6 
Buildings2,357.0 2,084.8 
Leasehold improvements232.5 192.6 
Vehicles33.9 31.2 
Furniture, fixtures, and equipment537.9 505.1 
 3,378.5 2,983.3 
Less: Accumulated depreciation and amortization(1,374.4)(1,211.8)
 2,004.1 1,771.5 
Construction in progress202.5 187.8 
Property and equipment, net$2,206.6 $1,959.3 
As of December 31, 2020, approximately 72% of our consolidated Property and equipment, net held by Encompass Health Corporation and its guarantor subsidiaries was pledged to the lenders under our credit agreement. See Note 10, Long-term Debt, and Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, “Liquidity and Capital Resources.”
The amount of depreciation expense and interest capitalized is as follows (in millions):
 For the Year Ended December 31,
 202020192018
Depreciation expense$151.1 $130.0 $124.2 
Interest capitalized$6.0 $8.3 $6.0