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Property, Plant and Equipment, Net ("PP&E")
 12 Months Ended
Dec. 31, 2019
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment, Net ("PP&E")

5.

Property, Plant and Equipment, Net (“PP&E”)

PP&E consist of the following:

 

December 31,

 

 

December 31,

 

 

2019

 

 

2018

 

Land

$

27.8

 

 

$

27.8

 

Buildings and improvements(1)

 

255.4

 

 

 

301.3

 

Machinery and equipment

 

737.4

 

 

 

716.7

 

Software

 

96.7

 

 

 

97.9

 

Office equipment and other assets

 

76.0

 

 

 

73.8

 

Construction in progress

 

72.9

 

 

 

49.7

 

Gross PP&E

 

1,266.2

 

 

 

1,267.2

 

Less accumulated depreciation and amortization

 

693.2

 

 

 

669.0

 

Net PP&E

$

573.0

 

 

$

598.2

 

 

 

 

For the Year Ended December 31,

 

 

2019

 

 

2018

 

 

2017

 

Depreciation and amortization on PP&E

$

63.8

 

 

$

64.4

 

 

$

60.9

 

(1) 

In conjunction with the new lease accounting guidance adopted in the first quarter of 2019, the Company de-recognized its corporate headquarters building lease which had a value of approximately $35.0 in Buildings and improvements at December 31, 2018.  See the Recently Adopted Accounting Pronouncements in Note 1 for further details.