Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment consisted of the following:

	December 31,
(in Millions)	2023		2022
Land and land improvements	$	98.1	$	103.6
Buildings and building equipment	540.0		522.9
Machinery and equipment	717.2		613.1
Construction in progress	204.5		175.9
Total cost	$	1,559.8	$	1,415.5
Accumulated depreciation	(667.3)		(565.9)
Property, plant and equipment, net	$	892.5	$	849.6

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Depreciation expense was $73.5 million, $71.1 million, and $70.8 million in 2023, 2022 and 2021, respectively.