Property, Plant and Equipment

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

Property, plant and equipment, net consists of the following:


	September 30, 2021		December 31, 2020
Land	$	30.7	$	30.8
Buildings (including improvements)	1,210.7		1,166.7
Machinery and equipment	2,214.1		2,120.5
Tooling	1,047.8		1,036.1
Capitalized software	292.0		282.5
Construction-in-progress	185.6		220.0
Total	4,980.9		4,856.6
Less: accumulated depreciation	(2,574.0)		(2,352.8)
Property, plant and equipment, net	$	2,406.9	$	2,503.8

Capitalized interest was $1.4 and $1.3 for the three months ended September 30, 2021 and October 1, 2020, respectively, and $4.5 and $3.8 for the nine months ended September 30, 2021 and October 1, 2020, respectively. Repair and maintenance costs are expensed as incurred. The Company recognized repair and maintenance costs of $36.1 and $25.7 for the three months ended September 30, 2021 and October 1, 2020, respectively, and $102.7 and $82.7 for the nine months ended September 30, 2021 and October 1, 2020, respectively.

The Company capitalizes certain costs, such as software coding, installation, and testing, that are incurred to purchase or to create and implement internal-use computer software. Depreciation expense related to capitalized software was $3.8 and $4.1 for the three months ended September 30, 2021 and October 1, 2020, respectively, and $11.4 and $12.6 for the nine months ended September 30, 2021 and October 1, 2020, respectively.

The Company reviews capital and amortizing intangible assets (long-lived assets) for impairment on an annual basis or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. For the period ended September 30, 2021, there were no events which would require the Company to update its impairment analysis.