Property, Plant and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:



	As of December 31
(in thousands)	2013			2012
Land	$	32,618		$	42,992
Buildings	299,652			364,844
Machinery, equipment and fixtures	2,289,966			2,617,344
Leasehold improvements	294,548			314,555
Construction in progress	94,615			66,734
	3,011,399			3,406,469
Less accumulated depreciation	(2,083,857		)	(2,325,232		)
	$	927,542		$	1,081,237

Depreciation expense was $233.2 million, $244.1 million and $223.4 million in 2013, 2012 and 2011, 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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