PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

The major components of property, plant and equipment were as follows:

(dollars in millions)	March 31, 2022		December 31, 2021
Land and leasehold improvements	$	53.8	$	54.8
Buildings and improvements	161.7		162.0
Machinery, equipment, fixtures and software	294.0		290.6
Construction in process	39.4		37.7
Total property, plant and equipment	548.9		545.1
Accumulated depreciation	(273.9)		(267.0)
Property, plant and equipment, net	$	275.0	$	278.1

For the three months ended March 31, 2022 and 2021, the Company recorded depreciation expense of $10.6 million and $9.4 million, respectively.