Property, Plant and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]


11.	Property, Plant and Equipment

Property, plant and equipment consist of the following:



	December 31,
	2014			2013
	(In thousands)
Land	$	207,985		$	208,048
Land use rights	26,845			26,845
Buildings and improvements	940,846			911,258
Machinery and equipment	3,953,891			3,577,045
Software and computer equipment	185,243			193,641
Furniture, fixtures and other equipment	15,347			17,430
Construction in progress	39,261			27,039
Total property, plant and equipment	5,369,418			4,961,306
Less accumulated depreciation and amortization	(3,162,942		)	(2,954,753		)
Total property, plant and equipment, net	$	2,206,476		$	2,006,553

Depreciation expense was $463.5 million, $406.7 million and $366.6 million for 2014, 2013 and 2012, respectively.

In 2013, we purchased land and have commenced construction activities for K5. We have recorded capitalized interest related to these activities of $8.6 million and $1.7 million as of December 31, 2014 and 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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