Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.20.4
Property, Plant and Equipment
12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment PROPERTY, PLANT AND EQUIPMENT
The following table presents details related to our property, plant and equipment, net:
December 31, 2020 December 31, 2019
Land $ 10.6  $ 28.2 
Buildings 81.8  88.3 
Machinery and equipment 458.9  444.6 
Computer software 15.9  15.3 
Construction in progress 16.4  19.2 
Less accumulated depreciation and amortization (336.7) (318.4)
Total $ 246.9  $ 277.2 
Year Ended December 31,
2020 2019
Depreciation expense $ 40.8  $ 43.7 

At September 30, 2020, the Company reclassified to Assets held-for-sale, $19.3 million of primarily land and buildings for two properties that met all related criteria under U.S. GAAP. During December 2020 we sold one of these properties located in Vicksburg, Mississippi which resulted in a gain of $0.2 million. The remaining property still classified as Assets held-for-sale at December 31, 2020 is located in South Gate, California. The ultimate sale of these assets is expected to occur within one year from initial classification as Assets held-for-sale. Long-lived assets that meet the held-for-sale criteria are reported at the lower of their carrying value or fair value, less estimated costs to sell. Assets held-for-sale are recorded as current assets and are presented as a separate caption on the Company's Consolidated Balance Sheets. The following table presents details related to our Assets held-for-sale:
December 31, 2020 December 31, 2019
Land held for sale $ 16.9  $ — 
Buildings held for sale 0.8  — 
Other tangible assets 0.1  — 
Total $ 17.8  $ —