PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Jul. 04, 2021

Property, Plant and Equipment [Abstract]

Property, plant and equipment consist of the following:


(in millions)	July 4, 2021		September 30, 2020
Land, buildings and improvements	$	132.5	$	134.8
Machinery, equipment and other	562.7		520.0
Finance leases	201.8		200.8
Construction in progress	34.5		29.8
Property, plant and equipment	931.5		885.4
Accumulated depreciation	(540.9)		(488.9)
Property, plant and equipment, net	$	390.6	$	396.5

Depreciation expense from property, plant and equipment for the three month periods ended July 4, 2021 and June 28, 2020 was $18.2 million and $18.1 million, respectively; and for the nine month periods ended July 4, 2021 and June 28, 2020 was $55.6 million and $62.1 million, respectively. The decrease in depreciation for the nine month period ended July 4, 2021 is attributable to accelerated depreciation realized as part of exiting GPC operating facilities in LATAM in the prior year.