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Property, Plant and Equipment | 3 Months Ended
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Mar. 31, 2021
Property Plant And Equipment [Abstract] |
Property, Plant and Equipment | 8. Property, Plant and Equipment The components of property, plant and equipment as of March 31, 2021 and December 31, 2020 are summarized as follows:
|  | March 31, 2021 |  |  | December 31, 2020 |
Land |  | $ | 19.8 |  |  | $ | 20.3 |
Building and improvements |  |  | 199.2 |  |  |  | 203.7 |
Machinery, equipment and tooling |  |  | 287.7 |  |  |  | 292.6 |
Furniture and fixtures |  |  | 14.7 |  |  |  | 21.0 |
Computer hardware and software |  |  | 125.2 |  |  |  | 119.3 |
Rental cranes |  |  | 92.6 |  |  |  | 90.2 |
Construction in progress |  |  | 8.5 |  |  |  | 9.0 |
Total cost |  |  | 747.7 |  |  |  | 756.1 |
Less accumulated depreciation |  |  | (461.4 | ) |  |  | (461.8 | )
Property, plant and equipment-net |  | $ | 286.3 |  |  | $ | 294.3 |
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. Assets Held for Sale As of December 31, 2020, the Company had $3.3 million classified as other current assets in the Condensed Consolidated Balance Sheets related to assets held for sale for a building and land in Fanzeres, Portugal.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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