Property, Plant and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

At December 31, the major classes of property, plant and equipment were as follows:



In millions	2011			2010
Land	$	86.5		$	97.9
Buildings	693.4			679.8
Machinery and equipment	1,786.4			1,713.5
Software	538.0			480.1
	3,104.3			2,971.3
Accumulated depreciation	(1,463.7		)	(1,302.3		)
Total	$	1,640.6		$	1,669.0

Depreciation expense for the years ended December 31, 2011, 2010 and 2009 was $236.2 million, $261.8 million and $258.9 million, which include amounts for software amortization of $50.1 million, $49.7 million and $46.7 million, respectively.

During 2009, the Company purchased property, plant and equipment totaling approximately $39 million, with a corresponding increase in liabilities. This represented a non-cash investing activity and, therefore, was not initially included in the Consolidated Statement of Cash Flows. The cash impact of the capital expenditure was reflected in the Consolidated Statement of Cash Flows as the payments for the property, plant and equipment were made.

- 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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