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Property, Plant and Equipment, Net ("PP&E")
9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net ("PP&E")
4.
Property, Plant and Equipment, Net (“PP&E”)

PP&E consists of the following:

 

 

September 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Land

 

$

28.1

 

 

$

28.3

 

Buildings and improvements

 

 

292.2

 

 

 

290.8

 

Machinery and equipment

 

 

851.9

 

 

 

828.9

 

Software

 

 

110.6

 

 

 

107.8

 

Office equipment and other assets

 

 

93.8

 

 

 

92.7

 

Construction in progress

 

 

175.7

 

 

 

104.3

 

Gross PP&E

 

 

1,552.3

 

 

 

1,452.8

 

Less accumulated depreciation and amortization

 

 

836.0

 

 

 

800.1

 

Net PP&E

 

$

716.3

 

 

$

652.7

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Depreciation expense on PP&E

$

16.7

 

 

$

17.2

 

 

$

50.1

 

 

$

51.3