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Property and Equipment, Net
3 Months Ended
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 LivesMarch 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 progress34.8 39.5 
2,096.5 2,082.4 
Less: Accumulated depreciation1,439.4 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.