v3.26.1
Property and Equipment, Net
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment consisted of the following:
Useful Life (Years)June 30, 2026December 31, 2025
Land, buildings and improvements140$35.3 $36.1 
Machinery120306.4299.8
Equipment and furniture115277.5248.6
ROU assets - finance leases12083.584.9
   Total property and equipment702.7669.4
Less: Accumulated depreciation and amortization(542.0)(512.3)
Add: Construction in progress4.14.0
   Total property and equipment, net$164.8 $161.1 

Depreciation expense related to non-leased fixed assets was $15.9 and $18.9 for the three months ended June 30, 2026 and 2025, respectively, and $32.8 and $37.9 for the six months ended June 30, 2026 and 2025, respectively. Finance lease amortization expense was $4.8 and $4.6 for the three months ended June 30, 2026 and 2025, respectively, and $9.7 and $10.2 for the six months ended June 30, 2026 and 2025, respectively.

Assets Held for Sale

As of June 30, 2026, the Company’s condensed consolidated balance sheet included assets classified as held for sale of $1.0. The assets held for sale are reported within prepaid expenses and other current assets on the condensed consolidated balance sheet and represent the value of one operational facility and select equipment. These assets were being actively marketed for sale as of June 30, 2026 and are recorded at the lower of their carrying value or fair value less costs to sell.