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v3.22.2.2

Property, Plant and Equipment | 9 Months Ended
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Sep. 30, 2022
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | 8. Property, Plant and Equipment The components of property, plant and equipment as of September 30, 2022 and December 31, 2021 are summarized as follows:
|  | September 30, 2022 |  |  | December 31, 2021 |
Land |  | $ | 17.6 |  |  | $ | 19.4 |
Building and improvements |  |  | 190.3 |  |  |  | 203.4 |
Machinery, equipment and tooling |  |  | 284.2 |  |  |  | 298.9 |
Furniture and fixtures |  |  | 13.4 |  |  |  | 14.5 |
Computer hardware and software |  |  | 126.7 |  |  |  | 125.6 |
Rental cranes |  |  | 140.1 |  |  |  | 144.2 |
Construction in progress |  |  | 10.3 |  |  |  | 15.1 |
Total cost |  |  | 782.6 |  |  |  | 821.1 |
Less accumulated depreciation |  |  | (469.7 | ) |  |  | (462.3 | )
Property, plant and equipment — net |  | $ | 312.9 |  |  | $ | 358.8 |
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 September 30, 2022 and December 31, 2021, the Company had $2.7 million and $3.1 million, respectively, classified as other current assets in the Condensed Consolidated Balance Sheets. As of September 30, 2022 and December 31, 2021, assets held for sale primarily related to a manufacturing building and land in Fanzeres, Portugal. Asset Impairment During the three months ended September 30, 2021, the Company recorded an asset impairment of $1.9 million to write-down the value of one of the Company's Brazilian entities to its expected sale price.

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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 https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://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 https://asc.fasb.org/extlink&oid=126982197&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 https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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