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Property, Plant and Equipment | 6 Months Ended
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Jun. 30, 2020
Property Plant And Equipment [Abstract] |
Property, Plant and Equipment | 8. Property, Plant and Equipment The components of property, plant and equipment at June 30, 2020 and December 31, 2019 are summarized as follows:
|  | June 30, 2020 |  |  | December 31, 2019 |
Land |  | $ | 23.2 |  |  | $ | 24.0 |
Building and improvements |  |  | 195.6 |  |  |  | 197.3 |
Machinery, equipment and tooling |  |  | 275.3 |  |  |  | 274.2 |
Furniture and fixtures |  |  | 18.8 |  |  |  | 18.5 |
Computer hardware and software |  |  | 117.6 |  |  |  | 119.3 |
Rental cranes |  |  | 75.2 |  |  |  | 77.7 |
Construction in progress |  |  | 10.8 |  |  |  | 11.2 |
Total cost |  |  | 716.5 |  |  |  | 722.2 |
Less accumulated depreciation |  |  | (438.7 | ) |  |  | (432.3 | )
Property, plant and equipment — net |  | $ | 277.8 |  |  | $ | 289.9 |
Property, plant and equipment are depreciated over the asset’s estimated useful life using the straight-line depreciation method for financial reporting and accelerated methods for income tax purposes.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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