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Property, Plant and Equipment, Net ("PP&E")
3 Months Ended
Mar. 31, 2015
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment, Net ("PP&E")

4.

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

PP&E consists of the following:

 

March 31,

 

 

December 31,

 

 

2015

 

 

2014

 

Land

$

25.3

 

 

$

25.5

 

Buildings and improvements

 

299.9

 

 

 

281.7

 

Machinery and equipment

 

634.6

 

 

 

599.3

 

Software

 

85.9

 

 

 

86.4

 

Office equipment and other assets

 

61.0

 

 

 

57.2

 

Construction in progress

 

27.0

 

 

 

71.5

 

Gross Property, Plant and Equipment

 

1,133.7

 

 

 

1,121.6

 

Less accumulated depreciation and amortization

 

515.9

 

 

 

505.4

 

Net Property, Plant and Equipment

$

617.8

 

 

$

616.2

 

 

 

 

Three Months Ended

 

 

March 31,

 

 

March 31,

 

 

2015

 

 

2014

 

Depreciation and amortization on PP&E

$

14.6

 

 

$

14.7

 

Interest charges capitalized (in construction in progress)

$

0.3

 

 

$

0.2

 

 

The reduction in construction in progress is due to the completion of the Company’s new vitamin manufacturing facility in York, Pennsylvania.