Property, Plant and Equipment

12 Months Ended

Jun. 30, 2013

6. Property, Plant and Equipment

	June 30,
($ in millions)	2013		2012
Land	$	20.9	$	16.6
Buildings and building equipment	326.4		301.3
Machinery and equipment	1,555.7		1,454.6
Construction in progress	292.1		97.6
Total at cost	2,195.1		1,870.1
Less: accumulated depreciation and amortization	1,026.7		945.5
Total property, plant, and equipment	$	1,168.4	$	924.6

The estimated useful lives of depreciable assets are as follows:

Asset Category		Useful Life (in Years)

Buildings and building equipment		10 – 45
Machinery and equipment		3 – 30

Depreciation for the years ended June 30, 2013, 2012 and 2011 was $85.1 million, $71.5 million and $59.2 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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