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Property and Equipment, net
6 Months Ended
Jun. 30, 2016
Property Plant And Equipment [Abstract]  
Property and Equipment, net

Note 6 Property and Equipment, net

 

The following table details our property and equipment, net:

 

 

 

June 30,

 

 

December 31,

 

(In millions)

 

2016

 

 

2015

 

Land and improvements

 

$

88.1

 

 

$

86.7

 

Buildings

 

 

611.4

 

 

 

602.0

 

Machinery and equipment

 

 

2,172.9

 

 

 

2,141.3

 

Other property and equipment

 

 

132.7

 

 

 

129.1

 

Construction-in-progress

 

 

240.6

 

 

 

190.7

 

Property and equipment, gross

 

 

3,245.7

 

 

 

3,149.8

 

Accumulated depreciation and amortization(1)

 

 

(2,265.7

)

 

 

(2,219.1

)

Property and equipment, net

 

$

980.0

 

 

$

930.7

 

 

(1)

As of June 30, 2016 this amount includes $0.5 million related to the accelerated depreciation and amortization of fixed assets related to ceasing operations in Venezuela. Refer to Note 1 of the Condensed Consolidated Statement of Operations for further details.

The following table details our interest cost capitalized and depreciation and amortization expense for property and equipment.

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In millions)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Interest cost capitalized

 

$

2.3

 

 

$

 

 

$

3.9

 

 

$

1.0

 

Depreciation and amortization expense for property and

   equipment

 

$

30.0

 

 

$

31.4

 

 

$

57.7

 

 

$

63.6