Property, Plant and Equipment

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

8. Property, Plant, and Equipment

The components of property, plant, and equipment as of June 30, 2025 and December 31, 2024 are summarized as follows:


	June 30, 2025			December 31, 2024
Land	$	15.6		$	14.3
Building and improvements		218.7			203.3
Machinery, equipment, and tooling		350.1			318.3
Furniture and fixtures		14.0			13.3
Computer hardware and software		133.6			129.6
Rental cranes		184.8			185.7
Construction in progress		10.1			6.9
Total cost		926.9			871.4
Less accumulated depreciation		(573.8	)		(525.2	)
Property, plant, and equipment — net	$	353.1		$	346.2

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.

Additions to property, plant, and equipment included in accounts payable and accrued expenses in the Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024 were $3.4 million and $5.3 million, respectively.