v3.24.1.u1
Property, Plant and Equipment
 3 Months Ended
Mar. 28, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, net Property, Plant and Equipment, net
 
Property, plant and equipment, net consists of the following: 
 
March 28,
2024		December 31,
2023
Land$30.5 $30.5 
Buildings (including improvements)1,314.0 1,307.6 
Machinery and equipment2,481.7 2,460.6 
Tooling1,071.9 1,064.8 
Capitalized software338.6 338.4 
Construction-in-progress110.6 119.0 
Total5,347.3 5,320.9 
Less: accumulated depreciation(3,307.2)(3,236.7)
Property, plant and equipment, net$2,040.1 $2,084.2 
Capitalized interest was $1.2 and $1.6 for the three months ended March 28, 2024 and March 30, 2023, respectively. Repair and maintenance costs are expensed as incurred. The Company recognized repair and maintenance costs of $44.1 and $42.7 for the three months ended March 28, 2024 and March 30, 2023, respectively.
 
The Company capitalizes certain costs, such as software coding, installation, and testing, that are incurred to purchase or to create and implement internal-use computer software. Depreciation expense related to capitalized software was $4.4 and $6.1 for the three months ended March 28, 2024 and March 30, 2023, respectively.
 
The Company reviews capital and amortizing intangible assets (long-lived assets) for impairment on an annual basis or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. For the period ended March 28, 2024, there were no events which would require the Company to update its impairment analysis.