Property and Equipment, Net

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

The Company’s property and equipment consisted of the following (in millions):



	December 31,
	2019		2018
Land	$	571.3	$	487.6
Buildings	849.9		727.8
Leasehold improvements	217.8		189.2
Machinery and dealership equipment	138.2		125.9
Office equipment, furniture and fixtures	118.5		109.3
Company vehicles	15.1		12.3
Construction in progress	36.5		43.0
Total	1,947.3		1,695.2
Less: accumulated depreciation and amortization	400.2		347.3
Property and equipment, net	$	1,547.1	$	1,347.8

For the year ended December 31, 2019, the Company recognized $1.3 million and $0.5 million in asset impairment charges related to property and equipment in the Company’s U.S. and Brazil segments, respectively. For the years ended December 31, 2018 and 2017, the Company recognized $5.1 million and $0.2 million, respectively, in asset impairment charges related to property and equipment in the Company’s U.S. segment. Property and equipment impairment charges are reflected in Asset impairments in the Consolidated Statements of Operations.

Depreciation and amortization expense, including amortization of finance leases, totaled $71.6 million, $67.1 million and $57.9 million for the years ended December 31, 2019, 2018 and 2017, respectively. See Note 10 “Leases” for discussion of finance leases.

The Company capitalized $1.3 million, $1.3 million, and $1.6 million of interest on construction projects in 2019, 2018 and 2017, respectively.