PROPERTY, PLANT AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2015

4. PROPERTY, PLANT AND EQUIPMENT, NET

As of March 31, 2015 and December 31, 2014, property, plant and equipment consisted of the following:

(In millions)	March 31, 2015		December 31, 2014
Chemical manufacturing plants	$	1,388.7	$	1,398.5
Machinery and equipment		1,220.0		1,198.7
Buildings		195.5		202.8
Land and land improvements		176.9		185.7
Construction-in-progress		91.5		84.7

Property, plant and equipment, at cost		3,072.6		3,070.4
Less: accumulated depreciation		1,430.9		1,404.7

Property, plant and equipment, net	$	1,641.7	$	1,665.7

- 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.

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