Property Plant And Equipment, Net

12 Months Ended

Dec. 31, 2015

Property Plant And Equipment [Abstract]

Property Plant And Equipment, Net

NOTE 7—PROPERTY, PLANT AND EQUIPMENT, NET

The following table presents the components of property, plant and equipment, net as of December 31, 2015 and 2014:

	December 31,
(In millions)	2015				2014
Land and improvements	$	65.5		$	—
Buildings and improvements		58.4			0.1
Machinery, equipment, furniture and fixtures		201.7			0.1
Construction work in progress		6.2			—
Property, plant and equipment		331.8			0.2
Accumulated depreciation		(30.3	)		(0.1	)
Property, plant and equipment, net	$	301.5		$	0.1

Capital lease assets totaled $4.5 million and zero as of December 31, 2015 and 2014, respectively. Capital lease amortization is included in depreciation expense. Accumulated depreciation for capital lease assets totaled $0.5 million and zero as of December 31, 2015 and 2014, respectively. During the year ended December 31, 2015, $0.6 million of interest was capitalized in connection with capital projects.

The following table provides depreciation expense and repair and maintenance expense for the years ended December 31, 2015, 2014 and 2013:

	Year Ended December 31,
(In millions)	2015		2014		2013
Depreciation expense included in cost of sales	$	29.9	$	—	$	—
Depreciation expense included in selling, general    and administrative expenses		0.6		0.1		0.1