Property, Plant And Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following: 

	December 31,
(In millions)	2018			2017
Land and land improvements	$	103.5		$	105.2
Buildings	656.7			691.2
Vessels	1,893.3			2,246.0
Machinery and equipment	1,905.7			1,892.2
Office fixtures and furniture	300.0			350.4
Construction in process	179.0			136.7
Other	290.1			397.7
	5,328.3			5,819.4
Accumulated depreciation	(2,068.5		)	(1,947.9		)
Property, plant and equipment, net	$	3,259.8		$	3,871.5

Depreciation expense was $367.8 million, $370.2 million and $283.2 million in 2018,2017 and 2016, respectively. The amount of interest cost capitalized was not material for the years presented.

During 2018, we determined the carrying amount of certain of our vessels exceeded their fair value and recorded an impairment. Refer to Note 17 to these consolidated financial statements for additional information regarding this impairment.