Property, Plant & Equipment, Net

9 Months Ended

Sep. 26, 2020

Property, Plant and Equipment [Abstract]

The following table summarizes property, plant and equipment, net as of September 26, 2020 and December 28, 2019:


		September 26, 2020						December 28, 2019
(in millions of U.S. dollars)	Estimated Useful Life in Years	Cost		Accumulated Depreciation		Net		Cost		Accumulated Depreciation		Net
Land	n/a	$	95.8	$	—	$	95.8	$	95.3	$	—	$	95.3
Buildings	10-40	91.6		30.5		61.1		88.9		26.9		62.0
Machinery and equipment	5-15	87.8		21.4		66.4		146.8		66.0		80.8
Plates, films and molds	1-10	1.7		0.8		0.9		1.5		0.6		0.9
Vehicles and transportation equipment	3-15	92.3		65.4		26.9		90.3		59.5		30.8
Leasehold improvements 1		19.3		11.6		7.7		19.8		10.7		9.1
IT Systems	3-7	16.4		11.5		4.9		15.6		9.9		5.7
Furniture and fixtures	3-10	12.0		9.5		2.5		12.0		8.6		3.4
Customer equipment 2	3-7	535.3		239.9		295.4		339.7		144.9		194.8
Returnable bottles 3	3-5	100.6		47.3		53.3		82.0		37.1		44.9
Finance leases 4		73.0		18.0		55.0		37.6		7.2		30.4
Total		$	1,125.8	$	455.9	$	669.9	$	929.5	$	371.4	$	558.1

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1 Leasehold improvements are amortized over the shorter of their estimated useful lives or the related lease life.

2 Customer equipment consists of coolers, brewers, refrigerators, water purification devices and storage racks held on site at customer locations.

3 Returnable bottles are those bottles on site at our customer locations.

4 Our recorded assets under finance leases relate to IT systems, customer equipment and vehicles and transportation equipment.

The amounts above include construction-in-progress of $1.1 million and $2.4 million as of September 26, 2020 and December 28, 2019, respectively.

Depreciation expense, which includes depreciation recorded for assets under finance leases, was $36.9 million and $104.3 million for the three and nine months ended September 26, 2020, respectively, and $27.7 million and $82.4 million for the three and nine months ended September 28, 2019, respectively.