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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment

5. Property, Plant and Equipment

PP&E consist of the following:

 

      December 31,
2013
     December 31,
2012
 

Land

   $ 25.7       $ 26.0   

Buildings and improvements

     280.4         276.8   

Machinery and equipment

     577.5         562.7   

Software

     83.0         80.6   

Office equipment and other assets

     57.7         55.1   

Construction in progress

     42.9         21.0   
  

 

 

    

 

 

 

Gross Property, Plant and Equipment

     1,067.2         1,022.2   

Less accumulated depreciation and amortization

     473.1         436.2   
  

 

 

    

 

 

 

Net Property, Plant and Equipment

   $ 594.1       $ 586.0   
  

 

 

    

 

 

 

 

     For the Year Ended December 31,  
          2013               2012              2011      

Depreciation and amortization on PP&E

   $ 59.7       $ 56.0       $ 49.8   
  

 

 

    

 

 

    

 

 

 

Interest charges capitalized (in construction in progress)

   $ 0.4       $ 0.8       $ 1.9   
  

 

 

    

 

 

    

 

 

 

The Company recognized charges related to equipment obsolescence, which occur in the ordinary course of business, and plant impairment charges during the three year period ended December 31, 2013 as follows:

 

     For the Year Ended December 31,  
          2013               2012              2011      

Segments:

        

Consumer Domestic

   $ 1.7       $ 1.6       $ 1.9   

Consumer International

     0.0         0.4         0.2   

Specialty Products

     0.1         0.1         1.0   
  

 

 

    

 

 

    

 

 

 

Total

   $ 1.8       $ 2.1       $ 3.1   
  

 

 

    

 

 

    

 

 

 

The 2013 and 2012 Consumer Domestic and SPD charges are due to the idling of equipment and the 2012 Consumer International charge is due to the cancelation of a software project. The Consumer Domestic charge recorded in 2011 is a result of the idling of equipment. The SPD charge recorded in 2011 is associated with the Company’s decision to explore strategic options for the chemical business in Brazil.