The year end financial statements for Pratt Inc., report the following information:

Year ended December $31,$

$($In millions$)$ Year $2$ Year $1$

Depreciation expense $$86\mathrm{.}8$ $$83\mathrm{.}5$

Property and equipment, net $565\mathrm{.}5540\mathrm{.}8$

Land $37\mathrm{.}740\mathrm{.}0$

Accumulated depreciation $1,282\mathrm{.}01,261\mathrm{.}2$