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Property and Equipment | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and Equipment: Property and equipment consists of the following (in millions):
| As of December 31,
| 2022 |  | 2021
Land | $ | 286.1 |  |  | $ | 259.8 |
Buildings | 3,019.8 |  |  | 2,632.8 |
Leasehold improvements | 281.5 |  |  | 251.1 |
Vehicles | 4.5 |  |  | 3.8 |
Furniture, fixtures, and equipment | 647.2 |  |  | 571.0 |
| 4,239.1 |  |  | 3,718.5 |
Less: Accumulated depreciation and amortization | (1,659.4) |  |  | (1,490.5) |
| 2,579.7 |  |  | 2,228.0 |
Construction in progress | 359.5 |  |  | 353.2 |
Property and equipment, net | $ | 2,939.2 |  |  | $ | 2,581.2 |
As of December 31, 2022, approximately 68% 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,
| 2022 |  | 2021 |  | 2020
Depreciation expense | $ | 187.3 |  |  | $ | 160.4 |  |  | $ | 145.1 |
Interest capitalized | $ | 10.5 |  |  | $ | 8.9 |  |  | $ | 6.0 |

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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://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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