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Property and Equipment, Net | 3 Months Ended
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Mar. 31, 2024
Property, Plant and Equipment [Abstract] |
Property and Equipment, Net | Property and Equipment, Net The table below presents the balances of major classes of assets and accumulated depreciation.
|  |  |  | As of
(in millions) |  | Estimated Useful Lives |  | March 31, 2024 |  | December 31, 2023
Land |  |  |  | $ | 110.2 |  |  | $ | 110.1 |
Buildings |  | 15 to 35 years |  | 46.2 |  |  | 42.7 |
Advertising structures |  | 3 to 20 years |  | 1,728.9 |  |  | 1,716.2 |
Furniture, equipment and other |  | 3 to 10 years |  | 176.4 |  |  | 173.9 |
Construction in progress |  |  |  | 34.8 |  |  | 39.5 |
|  |  |  | 2,096.5 |  |  | 2,082.4 |
Less: Accumulated depreciation |  |  |  | 1,439.4 |  |  | 1,424.6 |
Property and equipment, net |  |  |  | $ | 657.1 |  |  | $ | 657.8 |
Depreciation expense was $18.5 million in the three months ended March 31, 2024, and $20.1 million in the three months ended March 31, 2023.

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