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Property, Plant and Equipment
9 Months Ended
Sep. 30, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
Property, Plant and Equipment
The components of property, plant and equipment, net as of September 30, 2015 and December 31, 2014 were as follows:
 
September 30,
2015
 
December 31,
2014
Property, Plant and Equipment, net:
 
 
 
Land and buildings

$357.8

 

$292.4

Machinery and equipment
1,351.6

 
1,183.0

Construction in progress
78.1

 
288.3

Subtotal
1,787.5

 
1,763.7

Less allowances for depreciation
(1,023.2
)
 
(991.8
)
Property, Plant and Equipment, net

$764.3

 

$771.9


Total depreciation expense was $49.7 million and $39.9 million for the nine months ended September 30, 2015 and 2014, respectively. TimkenSteel recorded capitalized interest of $1.2 million for the nine months ended September 30, 2015. TimkenSteel capitalized interest related to construction projects of $5.7 million for the nine months ended September 30, 2014. TimkenSteel recorded impairment charges of $0.9 million related to the discontinued use of certain assets during the nine months ended September 30, 2015.