XML 59 R16.htm IDEA: XBRL DOCUMENT v3.19.3
Property and Equipment, net
9 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
The following table details our property and equipment, net: 
(In millions)
 
September 30, 2019
 
December 31, 2018
Land and improvements
 
$
45.0

 
$
41.2

Buildings
 
734.3

 
728.6

Machinery and equipment
 
2,398.0

 
2,325.7

Other property and equipment
 
135.5

 
135.6

Construction-in-progress
 
151.8

 
155.1

Property and equipment, gross
 
3,464.6

 
3,386.2

Accumulated depreciation and amortization
 
(2,348.8
)
 
(2,350.0
)
Property and equipment, net(1)
 
$
1,115.8

 
$
1,036.2


 

(1) 
Upon adoption of ASU 2016-02, $28.3 million of assets that were included in property and equipment, net as of December 31, 2018 are now included in other non-current assets on our Condensed Consolidated Balance Sheets as of September 30, 2019. These assets were related to capital leases, primarily for warehouse, office and small manufacturing facilities, IT equipment and automobiles, which are now ROU assets. Refer to Note 4, “Leases,” of the Notes to Condensed Consolidated Financial Statements for additional information on our ROU assets.
The following table details our interest cost capitalized and depreciation and amortization expense for property and equipment.
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(In millions)
 
2019
 
2018
 
2019
 
2018
Interest cost capitalized
 
$
2.5

 
$
1.3

 
$
6.4

 
$
5.0

Depreciation and amortization expense for property and equipment
 
$
31.7

 
$
29.0

 
$
88.7

 
$
87.6