LONG-LIVED ASSETS

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

LONG-LIVED ASSETS

LONG-LIVED ASSETS

Included in Property, plant and equipment, net were the following:

	June 30,		December 31,		June 30,
	2024		2023		2023
Land	$	254.0	$	257.5	$	264.3
Buildings	1,084.6		1,048.7		1,049.1
Machinery and equipment	3,575.7		3,459.8		3,339.5
Construction in progress	1,380.0		1,111.0		732.2
Property, plant and equipment, gross	6,294.3		5,877.0		5,385.1
Less allowances for depreciation	3,157.7		3,040.2		2,942.6
Property, plant and equipment, net	$	3,136.6	$	2,836.8	$	2,442.5

In accordance with the Goodwill and Other Intangibles Topic of the ASC, goodwill and indefinite-lived intangible assets are tested for impairment annually during the fourth quarter, and interim impairment tests are performed whenever an event occurs or circumstances change that indicate an impairment has more likely than not occurred. See Note 3 for information on the impairment test performed as a result of the China architectural business classification change to held for sale as of June 30, 2023.