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PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended
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Sep. 30, 2024
Property, Plant and Equipment [Abstract] |
PROPERTY PLANT AND EQUIPMENT | PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment as of September 30, 2024 and 2023 consist of the following:
(in millions) |  | 2024 |  | 2023
Land, buildings and improvements |  | $ | 88.2 |  |  | $ | 83.4 |
Machinery, tooling and equipment |  | 337.4 |  |  | 330.1 |
Computer software |  | 142.6 |  |  | 136.2 |
Finance leases |  | 141.4 |  |  | 136.9 |
Construction in progress |  | 25.1 |  |  | 18.1 |
Property, plant and equipment |  | $ | 734.7 |  |  | $ | 704.7 |
Accumulated depreciation |  | (468.1) |  |  | (429.6) |
Property, plant and equipment, net |  | $ | 266.6 |  |  | $ | 275.1 |
Depreciation expense from property, plant and equipment for the years ended September 30, 2024, 2023 and 2022 was $57.3 million, $48.9 million, and $49.0 million, respectively. During the year ended September 30, 2023, the Company completed the sale of two facilities in its EMEA region, primarily consisting of office space supporting the GPC segment, with total proceeds of $5.2 million and resulting in a gain on sale of $2.7 million, included as Selling, General and Administrative Expense on the Consolidated Statements of Income. During the year ended September 30, 2023, the Company recognized a $3.9 million impairment charge on idle equipment associated with the early exit of a GPC warehouse lease, included as Selling, General and Administrative Expense on the Consolidated Statements of Income. Additionally, the Company has deferred implementation costs for hosted cloud computing arrangements as of September 30, 2024 and 2023 as follows:
(in millions) |  | 2024 |  | 2023
Deferred cloud computing costs, net |  | $ | 8.3 |  |  | $ | 7.0 |
Reported as: |  |  |  |
Prepaid expenses and other current assets |  | 4.3 |  |  | 7.0 |
Deferred charges and other |  | 4.0 |  |  | — |
Amortization of deferred hosted cloud computing costs arrangements implementation costs for the years ended September 30, 2024, 2023 and 2022 was $2.6 million, $1.1 million and $0.6 million, 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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