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Property, Plant and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment, Net
The property, plant and equipment at December 31, 2022 and December 31, 2021 were as follows:
December 31,
(in millions)20222021
Leasehold improvements$67.9 $38.0 
Equipment124.7 112.4 
Property, plant and equipment, gross192.6 150.4 
Less accumulated depreciation(109.2)(106.9)
Property, plant and equipment, net$83.4 $43.5 
The Company recorded depreciation during the respective periods as follows:
Years Ended December 31,Six-month Transition Period Ended December 31,Year Ended June 30,
(in millions)2022202120202020
Depreciation expense$11.6 $12.1 $5.0 $11.0