PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2014

5. PROPERTY, PLANT AND EQUIPMENT, NET

As of December 31, 2014 and 2013, property, plant and equipment consisted of the following:

	December 31,
(In millions)	2014		2013
Chemical manufacturing plants	$	1,469.9	$	1,361.7
Machinery and equipment		1,127.3		1,070.4
Buildings		202.8		214.4
Land and land improvements		185.7		195.3
Construction-in-progress		84.7		116.9

Property, plant and equipment, at cost		3,070.4		2,958.7
Less: accumulated depreciation		1,404.7		1,300.0

Property, plant and equipment, net	$	1,665.7	$	1,658.7

- 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.

+ References+ Details