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Property and Equipment
 12 Months Ended
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,
 20222021
Land$286.1 $259.8 
Buildings3,019.8 2,632.8 
Leasehold improvements281.5 251.1 
Vehicles4.5 3.8 
Furniture, fixtures, and equipment647.2 571.0 
 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 progress359.5 353.2 
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,
 202220212020
Depreciation expense$187.3 $160.4 $145.1 
Interest capitalized$10.5 $8.9 $6.0