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Net Property, Plant and Equipment
12 Months Ended
Dec. 31, 2015
Property Plant And Equipment [Abstract]  
Net Property, Plant and Equipment

Note 3 — Net Property, Plant and Equipment

 

 

 

December 31,

 

(In millions)

 

2015

 

 

2014

 

Land

 

$

51.7

 

 

$

50.2

 

Buildings

 

 

405.5

 

 

 

386.0

 

Equipment

 

 

1,094.1

 

 

 

1,008.6

 

Construction in progress

 

 

548.1

 

 

 

423.9

 

Property, plant and equipment

 

 

2,099.4

 

 

 

1,868.7

 

Less accumulated depreciation

 

 

(673.8

)

 

 

(630.5

)

Net property, plant and equipment

 

$

1,425.6

 

 

$

1,238.2

 

Depreciation expense related to property, plant and equipment for the years ended December 31, 2015, 2014 and 2013, was $76.4 million, $71.2 million and $59.3 million, respectively. Capitalized interest of $2.1 million and $2.6 million for 2015 and 2014, respectively, was included in construction in progress and is associated with our carbon fiber expansion programs. Capitalized costs associated with software developed for internal use were $8.9 million and $5.7 million for 2015 and 2014, respectively.