Property, Plant and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

The components of property, plant and equipment at December 31, 2019 and 2018, were as follows:



	2019			2018
Land	$	102.5		$	106.9
Buildings	846.1			874.1
Machinery and equipment	3,337.1			3,411.3
Other⁽¹⁾	175.7			176.4
Construction in progress	35.0			32.7
Property, plant and equipment—gross	4,496.4			4,601.4
Less: accumulated depreciation	(3,459.9		)	(3,447.6		)
Property, plant and equipment—net	$	1,036.5		$	1,153.8

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⁽¹⁾	Other consists of computer equipment, vehicles, furniture and fixtures, leasehold improvements and communication related equipment.

The Company recorded impairment charges of $7.9 million, $26.2 million and $12.0 million during the years ended December 31, 2019, 2018 and 2017, respectively, to reduce the carrying amounts of certain property, plant and equipment no longer utilized in production, or due to other capacity and strategic reduction restructuring initiatives, to fair value (see Note 5, “Restructuring, Impairment and Transaction-Related Charges,” for further discussion on impairment charges).

The Company recognized depreciation expense for continuing operations of $164.7 million, $180.5 million and $200.2 million for the years ended December 31, 2019, 2018 and 2017, respectively.

Assets Held for Sale from Continuing Operations

The Company considered certain closed facilities and the Omaha packaging plant for held for sale classification in the consolidated balance sheets. Assets held for sale are carried at the lesser of original cost or fair value, less the estimated costs to sell. Assets held for sale from continuing operations were $59.3 million as of December 31, 2019, and there were no assets held for sale from continuing operations as of December 31, 2018. These assets were carried at the lesser of original cost or fair value, less the estimated costs to sell. The fair values were determined by the Company to be Level 3 under the fair value hierarchy (see Note 15, “Financial Instruments and Fair Value Measurements,” for the definition of Level 3 inputs) and were estimated based on quoted market prices where available and independent appraisals, as appropriate. Assets held for sale were included in prepaid expenses and other current assets in the consolidated balance sheets.