XML 22 R11.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Property and Equipment, Net
6 Months Ended
Jun. 30, 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 LivesJune 30,
2024
December 31,
2023
Land$110.2 $110.1 
Buildings
15 to 35 years
46.7 42.7 
Advertising structures
3 to 20 years
1,738.1 1,716.2 
Furniture, equipment and other
3 to 10 years
181.1 173.9 
Construction in progress36.1 39.5 
2,112.2 2,082.4 
Less: Accumulated depreciation1,455.6 1,424.6 
Property and equipment, net$656.6 $657.8 
Depreciation expense was $18.4 million in the three months ended June 30, 2024, $19.7 million in the three months ended June 30, 2023, $36.9 million in the six months ended June 30, 2024, and $39.8 million in the six months ended June 30, 2023.