Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, plant and equipment, net consisted of the following:



	December 31,
	2015		2014
	(in millions)
Land	$	1.6	$	1.6
Buildings and improvements	14.5		8.1
Machinery and equipment	537.5		401.4
Construction in progress	18.9		109.2
	572.5		520.3
Less: Accumulated depreciation and amortization	265.5		260.9
	$	307.0	$	259.4

Additions to property, plant and equipment included in our consolidated statements of cash flows includes cash outflows for capital expenditures; therefore, it does not include the net (decrease) increase in amounts accrued for capital expenditures, which were $(2.2) million, $1.3 million and $4.3 million for the years ended December 31, 2015, 2014 and 2013.

During 2015, we recorded losses of approximately $2.0 million on the disposal of certain machinery and equipment, which is included in other general and administrative expenses on our consolidated statements of operations.

Plant turnarounds—Scheduled inspections, replacements and overhauls of machinery and equipment at our continuous process manufacturing facility are referred to as plant turnarounds. The expenditures related to turnarounds are capitalized in property, plant and equipment when incurred. The following is a summary of plant turnaround activity for 2015, 2014 and 2013.



	Year ended December 31,
	2015			2014			2013
	(in millions)
Net capitalized turnaround costs:
Beginning balance	$	16.7		$	22.7		$	2.6
Additions	33.6			0.3			24.7
Depreciation	(12.5		)	(6.3		)	(4.6		)
Ending balance	$	37.8		$	16.7		$	22.7

Scheduled replacements and overhauls of plant and equipment include the dismantling, repair or replacement and installation of various components including piping, valves, motors, turbines, pumps, compressors, heat exchangers and the replacement of catalyst when a full plant shutdown occurs. Scheduled inspections are also conducted during full plant shutdowns, including required safety inspections which entail the disassembly of various components such as steam boilers, pressure vessels and other equipment requiring safety certifications. Internal employee costs and overhead are not considered turnaround costs and are not capitalized.