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

7. PROPERTY, PLANT AND EQUIPMENT, NET

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

 

     December 31,  

(In millions)

                    2015                                         2014                   

Chemical manufacturing plants

      $ 1,308.8           $ 1,299.5   

Machinery and equipment

      1,175.1           1,080.0   

Buildings

      185.6           199.5   

Land and land improvements

      172.6           176.5   

Construction-in-progress

      114.1           84.6   
  

 

 

       

 

 

  

Property, plant and equipment, at cost

      2,956.2           2,840.1   

Less: accumulated depreciation

      1,338.6           1,204.0   
  

 

 

       

 

 

  

Property, plant and equipment, net

      $ 1,617.6           $ 1,636.1