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Property, Plant and Equipment | 6 Months Ended
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Jun. 30, 2023
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | 8. Property, Plant, and Equipment The components of property, plant, and equipment as of June 30, 2023 and December 31, 2022 are summarized as follows:
|  | June 30, 2023 |  |  | December 31, 2022 |
Land |  | $ | 14.8 |  |  | $ | 17.9 |
Building and improvements |  |  | 197.7 |  |  |  | 194.7 |
Machinery, equipment, and tooling |  |  | 308.1 |  |  |  | 300.6 |
Furniture and fixtures |  |  | 13.9 |  |  |  | 13.8 |
Computer hardware and software |  |  | 133.2 |  |  |  | 129.4 |
Rental cranes |  |  | 176.2 |  |  |  | 157.8 |
Construction in progress |  |  | 8.3 |  |  |  | 8.4 |
Total cost |  |  | 852.2 |  |  |  | 822.6 |
Less accumulated depreciation |  |  | (510.3 | ) |  |  | (487.3 | )
Property, plant, and equipment — net |  | $ | 341.9 |  |  | $ | 335.3 |
Property, plant, and equipment is depreciated over the 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 June 30, 2023, the Company had $2.9 million of property, plant, and equipment classified as assets held for sale in other current assets in the Condensed Consolidated Balance Sheets. This amount relates to a manufacturing 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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