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Property, Plant and Equipment, Net ("PP&E")
6 Months Ended
Jun. 30, 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:

 

June 30,

 

 

December 31,

 

 

2015

 

 

2014

 

Land

$

25.4

 

 

$

25.5

 

Buildings and improvements

 

303.0

 

 

 

281.7

 

Machinery and equipment

 

644.2

 

 

 

599.3

 

Software

 

86.3

 

 

 

86.4

 

Office equipment and other assets

 

60.7

 

 

 

57.2

 

Construction in progress

 

25.9

 

 

 

71.5

 

Gross Property, Plant and Equipment

 

1,145.5

 

 

 

1,121.6

 

Less accumulated depreciation and amortization

 

530.0

 

 

 

505.4

 

Net Property, Plant and Equipment

$

615.5

 

 

$

616.2

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Depreciation and amortization on PP&E

$

15.0

 

 

$

14.7

 

 

$

29.6

 

 

$

29.4

 

Interest charges capitalized (in construction in progress)

$

0.1

 

 

$

0.1

 

 

$

0.4

 

 

$

0.3

 

 

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