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PROPERTY:

12 Months Ended

Dec. 31, 2012

NOTE 5-PROPERTY:

	As of December 31,
(in millions)	2012			2011
Buildings and equipment	$	7,497.3		$	6,921.8
Construction in progress	1,617.6			1,197.8
Mine development	250.7			250.7
Land, other than mineral	46.7			46.4
Total property	9,412.3			8,416.7
Accumulated depreciation, amortization and depletion	(4,255.6		)	(3,986.8		)
Total property, net	$	5,156.7		$	4,429.9

Depreciation and depletion expense for the years ended December 31, 2012, 2011 and 2010, amounted to $323.5 million, $286.0 million and $279.6 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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