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Property, Plant and Equipment, Net ("PP&E") (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Components of Property, Plant and Equipment

PP&E consists of the following:

 

December 31,

 

 

December 31,

 

 

2023

 

 

2022

 

Land

$

28.3

 

 

$

28.1

 

Buildings and improvements

 

317.8

 

 

 

299.1

 

Machinery and equipment

 

895.1

 

 

 

856.5

 

Software

 

122.6

 

 

 

109.1

 

Office equipment and other assets

 

105.2

 

 

 

96.9

 

Construction in progress

 

348.4

 

 

 

211.5

 

Gross PP&E

 

1,817.4

 

 

 

1,601.2

 

Less accumulated depreciation and amortization

 

889.7

 

 

 

840.1

 

Net PP&E

$

927.7

 

 

$

761.1

 

 

For the Year Ended December 31,

 

 

2023

 

 

2022

 

 

2021

 

Depreciation expense on PP&E

$

72.8

 

 

$

67.0

 

 

$

68.4