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Property, Plant and Equipment
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
The components of property, plant and equipment at March 31, 2021, and December 31, 2020, were as follows:
March 31,
2021
December 31,
2020
Land$91.0 $97.6 
Buildings773.9 780.3 
Machinery and equipment3,076.2 3,094.1 
Other(1)
184.8 183.2 
Construction in progress37.1 33.0 
Property, plant and equipment—gross$4,163.0 $4,188.2 
Less: accumulated depreciation(3,312.3)(3,304.0)
Property, plant and equipment—net$850.7 $884.2 
______________________________
(1)Other consists of computer equipment, vehicles, furniture and fixtures, leasehold improvements and communication-related equipment.
The Company recorded impairment charges of $0.8 million and $2.5 million during the three months ended March 31, 2021 and 2020, respectively, to reduce the carrying amounts of certain property, plant and equipment no longer utilized in production to fair value (see Note 5, “Restructuring, Impairment and Transaction-Related Charges,” for further discussion on impairment charges).

The Company recognized depreciation expense of $32.8 million and $37.5 million for the three months ended March 31, 2021 and 2020, respectively.

Assets Held for Sale from Continuing Operations
The Company assessed whether certain closed facilities and facilities where the Company has received a signed letter of intent to purchase should be classified as held for sale on the condensed 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 were $6.3 million and $4.9 million as of March 31, 2021, and December 31, 2020, respectively. The fair values were determined by the Company to be Level 3 under the fair value hierarchy (see Note 13, “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 condensed consolidated balance sheets.