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Property, Plant and Equipment, Net ("PP&E") (Tables)
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Components of Property, Plant and Equipment

PP&E consists of the following:

 

June 30,

 

 

December 31,

 

 

2024

 

 

2023

 

Land

$

28.2

 

 

$

28.3

 

Buildings and improvements

 

345.4

 

 

 

317.8

 

Machinery and equipment

 

973.4

 

 

 

895.1

 

Software

 

125.9

 

 

 

122.6

 

Office equipment and other assets

 

118.6

 

 

 

105.2

 

Construction in progress

 

247.0

 

 

 

348.4

 

Gross PP&E

 

1,838.5

 

 

 

1,817.4

 

Less accumulated depreciation

 

894.9

 

 

 

889.7

 

Net PP&E

$

943.6

 

 

$

927.7

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Depreciation expense on PP&E

$

20.4

 

 

$

17.7

 

 

$

38.8

 

 

$

34.6