PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

The major components of property, plant and equipment as of December 31, 2014 and 2013 were as follows:



	2014			2013
Land	$	79.6		$	76.9
Buildings	602.8			607.1
Machinery and equipment	1,081.3			1,062.7
Other equipment and leasehold improvements	278.0			108.2
Equipment on operating lease	32.7			28.6
Construction in progress	214.0			189.5
	2,288.4			2,073.0
Less accumulated depreciation	(977.9		)	(838.8		)
	$	1,310.5		$	1,234.2

Depreciation expense amounted to $186.9 million, $113.8 million, and $54.8 million in the years ended December 31, 2014, 2013 and 2012, respectively.

- 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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