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Property and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment:
Property and equipment consists of the following (in millions):
 As of December 31,
 20242023
Land$302.6 $294.0 
Buildings3,859.3 3,402.8 
Leasehold improvements372.8 316.8 
Vehicles5.6 5.3 
Furniture, fixtures, and equipment808.8 723.3 
 5,349.1 4,742.2 
Less: Accumulated depreciation and amortization(2,111.9)(1,872.2)
 3,237.2 2,870.0 
Construction in progress405.9 431.0 
Property and equipment, net$3,643.1 $3,301.0 
As of December 31, 2024, approximately 66% 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 9, Long-term Debt, for additional information on our credit agreement.
Depreciation expense was $245.1 million, $215.7 million, and $187.3 million for the years ended December 31, 2024, 2023 and 2022, respectively. Interest capitalized was $15.2 million, $13.5 million, and $10.5 million for the years ended December 31, 2024, 2023 and 2022, respectively.