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Property, Plant and Equipment, Net ("PP&E")
12 Months Ended
Dec. 31, 2014
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment, Net ("PP&E")

5.

Property, Plant and Equipment, Net (“PP&E”)

PP&E consist of the following:

 

 

 

December 31,

 

 

December 31,

 

 

 

2014

 

 

2013

 

Land

 

$

25.5

 

 

$

25.7

 

Buildings and improvements

 

 

281.7

 

 

 

280.4

 

Machinery and equipment

 

 

599.3

 

 

 

577.5

 

Software

 

 

86.4

 

 

 

83.0

 

Office equipment and other assets

 

 

57.2

 

 

 

57.7

 

Construction in progress

 

 

71.5

 

 

 

42.9

 

Gross Property, Plant and Equipment

 

 

1,121.6

 

 

 

1,067.2

 

Less accumulated depreciation and amortization

 

 

505.4

 

 

 

473.1

 

Net Property, Plant and Equipment

 

$

616.2

 

 

$

594.1

 

 

 

 

For the Year Ended December 31,

 

 

 

2014

 

 

2013

 

 

2012

 

Depreciation and amortization on PP&E

 

$

57.1

 

 

$

59.7

 

 

$

56.0

 

Interest charges capitalized (in construction in progress)

 

$

0.7

 

 

$

0.4

 

 

$

0.8

 

 

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, 2014 as follows:

 

 

 

For the Year Ended December 31,

 

 

 

2014

 

 

2013

 

 

2012

 

Segments:

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Domestic

 

$

1.2

 

 

$

1.7

 

 

$

1.6

 

Consumer International

 

 

0.2

 

 

 

0.0

 

 

 

0.4

 

Specialty Products

 

 

0.0

 

 

 

0.1

 

 

 

0.1

 

Total

 

$

1.4

 

 

$

1.8

 

 

$

2.1

 

 

The impairment charges in 2014 and 2013, and the Consumer Domestic and SPD impairment charges in 2012 are due to idling of equipment. The 2012 Consumer International charge is due to the cancelation of a software project.