Property, plant and equipment, net (Tables)

12 Months Ended

Dec. 31, 2024

Property Plant and Equipment Income Statement Disclosures [Abstract]

Schedule of Property, Plant and Equipment

The Company generally depreciates or amortizes the cost of its property, plant and equipment using the straight-line method over the estimated useful lives of the respective assets, which are summarized as follows:


Land			Not depreciated
Buildings			31-39 years
Building improvements			10-39 years
Furniture and equipment			3-15 years
Software			3-7 years
Leasehold improvements			Lesser of the asset life or lease term

Property, plant and equipment, net consists of the following:


	December 31,
	2024 (1)		2023 (1)
Land and improvements	$	25.8	$	30.0
Buildings, building improvements and leasehold improvements	196.1		229.9
Furniture and equipment	368.3		433.6
Software	67.2		64.0
Construction-in-progress	10.3		36.7
Property, plant and equipment, gross	$	667.7	$	794.2
Less: Accumulated depreciation and amortization	(397.1)		(411.4)
Total property, plant and equipment, net	$	270.6	$	382.8

(1) During the years ended December 31, 2024 and 2023, the Company recorded non-cash impairment charges of $27.2 million and $306.7 million, respectively, related to certain Bioservices long-lived assets. See Note 4, “Impairment and restructuring charges” for more details regarding the impairment charge.