PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

PROPERTY, PLANT AND EQUIPMENT [Abstract]

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

December 31,	2013		2012		Useful lives (years		)
(In millions)
Land and buildings	$	77.9	$	78.1		10 – 20
Leasehold improvements		238.4		255.3		1 – 20
Machinery, equipment and software		399.7		385.3		3 – 20
Furniture and fixtures		110.6		104.6		1 – 8
Construction in progress		17.9		20.1		-
		844.5		843.4
Less: accumulated depreciation and amortization		595.5		565.3
	$	249.0	$	278.1

Depreciation and amortization expense relating to property, plant and equipment (including capitalized leases) reflected in results from operations was $71.0 million, $69.6 million and $67.5 million in 2013, 2012 and 2011, respectively. At December 31, 2013, we had outstanding commitments of approximately $14.0 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,	2013		2012		Useful lives (years		)
(In millions)
Buildings	$	37.8	$	37.8		10 - 20
Machinery and equipment		0.2		0.2		3 - 5
		38.0		38.0
Less: accumulated amortization		23.2		21.2
	$	14.8	$	16.8

- 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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