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Property, Plant and Equipment

12 Months Ended

Dec. 31, 2011

Note 7—Property, Plant and Equipment

The following is a summary of property, plant and equipment by major asset class at December 31, (in millions):

	2011			2010

Land	$	32.3		$	28.3
Building and leasehold improvements		241.3			231.5
Machinery, equipment, software and furniture and fixtures		298.9			281.0

		572.5			540.8
Less accumulated depreciation and amortization		(323.5	)		(307.1	)

Property, plant and equipment, net	$	249.0		$	233.7

Depreciation expense, which includes the amortization of leasehold improvements, for the years ended December 31, 2011, 2010 and 2009 was $34.8 million, $30.3 million and $27.9 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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