Properties

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Properties

Note 14 — Properties

Properties comprise the following:

As of December 31,	2021		2020
Land	$	—	$	2.3
Buildings		0.3		63.5
Machinery and office equipment		267.8		466.7
Internal-use software		186.0		171.2
Rental equipment		13.9		23.3
Total properties	$	468.0	$	727.0

Long-lived assets to be sold are classified as held-for-sale in the period in which they meet all the criteria for the disposal of long-lived assets. The company measures assets held-for-sale at the lower of their carrying amount or fair value less cost to sell. Additionally, the company determined that such assets comprise operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the company.

In September 2021, the company entered into a letter of intent (LOI) with a third party for the sale of certain facilities, land and equipment related to a data center facility located in Eagan, Minnesota. Upon the execution of the LOI, these assets were classified as held-for-sale in the company’s consolidated balance sheet and measured at the lower of their carrying amount or fair value less cost to sell.