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Net Property, Plant and Equipment
12 Months Ended
Dec. 31, 2016
Property Plant And Equipment [Abstract]  
Net Property, Plant and Equipment

Note 3 — Net Property, Plant and Equipment

 

 

 

December 31,

 

(In millions)

 

2016

 

 

2015

 

Land

 

$

63.8

 

 

$

51.7

 

Buildings

 

 

523.2

 

 

 

405.5

 

Equipment

 

 

1,336.9

 

 

 

1,094.1

 

Construction in progress

 

 

454.4

 

 

 

548.1

 

Capital lease

 

 

0.1

 

 

 

 

Property, plant and equipment

 

 

2,378.4

 

 

 

2,099.4

 

Less accumulated depreciation

 

 

(752.8

)

 

 

(673.8

)

Net property, plant and equipment

 

$

1,625.6

 

 

$

1,425.6

 

Depreciation expense related to property, plant and equipment for the years ended December 31, 2016, 2015 and 2014, was $93.3 million, $76.4 million and $71.2 million, respectively. Capitalized interest of $1.9 million and $2.1 million for 2016 and 2015, 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 not material for 2016 and were $8.9 million for 2015.