PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

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)	2021		2020
Land and land improvements	$	79.4	$	80.0
Buildings	471.6		514.6
Vessels	1,979.0		1,968.1
Machinery and equipment	1,849.0		1,871.8
Office fixtures and furniture	121.9		125.4
Construction in process	110.5		147.3
Other	189.8		203.2
	4,801.2		4,910.4
Accumulated depreciation	(2,204.0)		(2,154.2)
Property, plant and equipment, net	$	2,597.2	$	2,756.2

Depreciation expense was $291.3 million, $308.7 million and $363.0 million in 2021, 2020 and 2019, respectively. The amount of interest cost capitalized was not material for the years presented.

During 2021 and 2020, we determined the carrying amount of certain of our long-lived assets exceeded their fair value and recorded impairments. See Note 20 for further details.