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Property and Equipment, net | 9 Months Ended
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Sep. 30, 2024
Property, Plant and Equipment [Abstract] |
Property and Equipment, net | Property and Equipment, net The following table details our property and equipment, net.
(In millions) |  | September 30, 2024 |  | December 31, 2023
Land and improvements |  | $ | 47.0 |  |  | $ | 47.5 |
Buildings |  | 854.9 |  |  | 835.8 |
Machinery and equipment |  | 2,890.3 |  |  | 2,811.5 |
Other property and equipment |  | 145.6 |  |  | 142.0 |
Construction-in-progress |  | 247.8 |  |  | 227.0 |
Property and equipment, gross |  | 4,185.6 |  |  | 4,063.8 |
Accumulated depreciation and amortization |  | (2,747.6) |  |  | (2,647.4) |
Property and equipment, net |  | $ | 1,438.0 |  |  | $ | 1,416.4 |
In the three and nine months ended September 30, 2023, we recorded approximately $25.8 million of property and equipment impairment within Loss on disposal of businesses and property and equipment, net on the Condensed Consolidated Statements of Operations, related to closure activity of the Kevothermal temperature assurance business and the plant-based rollstock business. See Note 12, "Restructuring Activities," for further details. The following table details our interest cost capitalized and depreciation and amortization expense for property and equipment and finance lease ROU assets.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Interest cost capitalized |  | $ | 3.0 |  |  | $ | 3.5 |  |  | $ | 9.1 |  |  | $ | 9.3 |
Depreciation and amortization expense(1) |  | $ | 46.3 |  |  | $ | 44.5 |  |  | $ | 135.5 |  |  | $ | 128.7 |
(1)Includes amortization expense of finance lease ROU assets of $2.4 million and $6.8 million for the three and nine months ended September 30, 2024, respectively, and $2.3 million and $7.1 million for the three and nine months ended September 30, 2023, respectively.

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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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