PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

PROPERTY, PLANT AND EQUIPMENT [Abstract]

Major classes of property, plant and equipment are as follows:

December 31,	2012		2011		Useful lives (years)
(In millions)
Land and buildings	$	78.1	$	74.3		10 – 20
Leasehold improvements		255.3		272.5		1 – 20
Machinery, equipment and software		385.3		418.8		3 – 20
Furniture and fixtures		104.6		96.6		1 – 8
Construction in progress		20.1		14.6		-
		843.4		876.8
Less: accumulated depreciation and amortization		565.3		605.4
	$	278.1	$	271.4

Depreciation and amortization expense relating to property, plant and equipment (including capitalized leases) reflected in results from operations was $69.6 million, $67.5 million and $64.6 million in 2012, 2011 and 2010, respectively. At December 31, 2012, we had outstanding commitments of approximately $20.0 million relating primarily to the construction or remodeling of retail store locations and office facilities.

Included in property, plant and equipment are the following capitalized leases:

December 31,	2012		2011		Useful lives (years)
(In millions)
Buildings	$	37.8	$	37.8		10 - 20
Machinery and equipment		0.2		13.0		3 - 5
		38.0		50.8
Less: accumulated amortization		21.2		31.9
	$	16.8	$	18.9

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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