Property,Plant and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment

Property, plant, and equipment, carried at cost, is summarized as follows at December 31, (in millions):



	2014			2013
Land	$	43.1		$	44.4
Buildings and improvements	252.8			243.6
Machinery, tools, and equipment	740.7			692.8
Construction-in-progress	20.8			24.1
Gross property, plant, and equipment	1,057.4			1,004.9
Less accumulated depreciation	(656.2		)	(627.8		)
NET PROPERTY, PLANT, AND EQUIPMENT	$	401.2		$	377.1

Depreciable lives on buildings range between 20-40 years. Depreciable lives on machinery, tools, and equipment range between 3-20 years. The Company recorded depreciation expense of $49.9 million, $45.3 million and $44.1 million for 2014, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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