SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

Estimated useful lives by asset class are as follows:


	Average useful life (in years)
Buildings and building improvements	5	to	20
Machinery, equipment and fixtures	3	to	15
Computer hardware and software	3	to	7
Furniture and automobiles	3	to	7
Leasehold improvements	Lesser of useful life or lease term

The major components of property, plant and equipment, net were as follows:


	December 31,
(dollars in millions)	2024		2023
Land and leasehold improvements	$	48.0	$	51.7
Buildings and improvements	180.0		168.5
Machinery, equipment, fixtures and software	313.1		334.3
Construction in process	55.5		66.7
Total property, plant and equipment	596.6		621.2
Accumulated depreciation	(319.8)		(324.3)
Property, plant and equipment, net	$	276.8	$	296.9