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Long-Lived Assets
 6 Months Ended
Jul. 02, 2022
Property, Plant and Equipment [Abstract]  
Long-Lived Assets Long-Lived Assets
Property, Plant and Equipment
Property, plant and equipment is stated at cost. Costs associated with the repair and maintenance of the Company's property, plant and equipment are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency or safety of the Company's property, plant and equipment are capitalized and depreciated over the remaining useful life of the related asset. Depreciable property is depreciated over the estimated useful lives of the assets, using principally the straight-line method.
A summary of property, plant and equipment is shown below (in millions):
July 2,
2022		December 31,
2021
Land$103.3 $108.7 
Buildings and improvements834.9 850.3 
Machinery and equipment4,623.8 4,497.7 
Construction in progress383.3 345.6 
Total property, plant and equipment5,945.3 5,802.3 
Less – accumulated depreciation(3,166.6)(3,082.2)
Property, plant and equipment, net$2,778.7 $2,720.1 
Depreciation expense was $127.0 million and $125.1 million in the three months ended July 2, 2022 and July 3, 2021, respectively, and $254.7 million and $249.4 million in the six months ended July 2, 2022 and July 3, 2021, respectively.
The Company monitors its long-lived assets for impairment indicators on an ongoing basis in accordance with GAAP. If impairment indicators exist, the Company performs the required impairment analysis by comparing the undiscounted cash flows expected to be generated from the long-lived assets to the related net book values. If the net book value exceeds the undiscounted cash flows, an impairment loss is measured and recognized. The Company will continue to assess the impact of significant industry and other events on the realization of its long-lived assets.
In the first half of 2022 and 2021, the Company recognized fixed asset impairment charges of $1.1 million and $0.4 million, respectively, in conjunction with its restructuring actions (Note 4, "Restructuring"). In the first half of 2022 and 2021, the Company recognized additional asset impairment charges of $1.1 million and $2.0 million, respectively.
Definite-Lived Intangible Assets
In the three and six months ended July 3, 2021, the Company recognized an impairment charge of $8.5 million related to an intangible asset of its E-Systems segment resulting from a change in the intended use of such asset. The impairment charge is included in amortization of intangible assets in the accompanying condensed consolidated statements of comprehensive income (loss) for the three and six months ended July 3, 2021.