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Property, Plant and Equipment, Net ("PP&E") (Tables)
9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Components of Property, Plant and Equipment

PP&E consists of the following:

 

September 30,

 

 

December 31,

 

 

2023

 

 

2022

 

Land

$

28.2

 

 

$

28.1

 

Buildings and improvements

 

308.0

 

 

 

299.1

 

Machinery and equipment

 

885.2

 

 

 

856.5

 

Software

 

117.5

 

 

 

109.1

 

Office equipment and other assets

 

105.1

 

 

 

96.9

 

Construction in progress

 

305.7

 

 

 

211.5

 

Gross PP&E

 

1,749.7

 

 

 

1,601.2

 

Less accumulated depreciation and amortization

 

887.3

 

 

 

840.1

 

Net PP&E

$

862.4

 

 

$

761.1

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Depreciation expense on PP&E

$

18.2

 

 

$

16.7

 

 

$

52.8

 

 

$

50.1