Property, Plant and Equipment

6 Months Ended

Jun. 30, 2015

Property Plant And Equipment [Abstract]

4. Property, Plant and Equipment

The components of the Company’s property, plant and equipment at June 30, 2015 and December 31, 2014 were as follows:

	June 30,			December 31,
	2015			2014
Land	$	116.6		$	112.1
Buildings		1,241.2			1,214.8
Machinery and equipment		6,198.7			6,142.8
		7,556.5			7,469.7
Less: Accumulated depreciation		(5,981.3	)		(5,954.2	)
Total	$	1,575.2		$	1,515.5

During the three and six months ended June 30, 2015, depreciation expense was $82.5 million and $165.4 million, respectively. During the three and six months ended June 30, 2014 depreciation expense was $91.4 million and $179.3 million, respectively.

Assets Held for Sale

Primarily as a result of restructuring actions, certain facilities and equipment are considered held for sale. The net book value of assets held for sale was $6.2 million and $7.2 million at June 30, 2015 and December 31, 2014, respectively. These assets were included in other current assets in the Condensed Consolidated Balance Sheets at June 30, 2015 and December 31, 2014 at the lower of their historical net book value or their estimated fair value, less estimated costs to sell.