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Property, Plant and Equipment | 3 Months Ended
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Mar. 31, 2024
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | 7. Property, Plant, and Equipment The components of property, plant, and equipment as of March 31, 2024 and December 31, 2023 are summarized as follows:
|  | March 31, 2024 |  |  | December 31, 2023 |
Land |  | $ | 14.7 |  |  | $ | 14.9 |
Building and improvements |  |  | 199.6 |  |  |  | 201.5 |
Machinery, equipment, and tooling |  |  | 320.7 |  |  |  | 318.4 |
Furniture and fixtures |  |  | 13.3 |  |  |  | 13.8 |
Computer hardware and software |  |  | 134.8 |  |  |  | 135.8 |
Rental cranes |  |  | 199.3 |  |  |  | 201.9 |
Construction in progress |  |  | 6.7 |  |  |  | 7.2 |
Total cost |  |  | 889.1 |  |  |  | 893.5 |
Less: accumulated depreciation |  |  | (531.6 | ) |  |  | (527.4 | )
Property, plant, and equipment - net |  | $ | 357.5 |  |  | $ | 366.1 |
Property, plant, and equipment is depreciated over the estimated useful life of the asset using the straight-line depreciation method for financial reporting and accelerated methods for income tax purposes. Ad ditions to property, plant, and equipment included in accounts payable and accrued expenses in the Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 were $5.8 million and $7.0 million, respectively. Assets Held for Sale As of March 31, 2024 and December 31, 2023, the Company had $3.5 million and $3.0 million, respectively, 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, Po rtugal.

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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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