Property, Plant and Equipment

9 Months Ended

Sep. 30, 2012

3. Property, Plant and Equipment

Property, plant and equipment, net, consist of the following at September 30, 2012 and December 31, 2011:


(in millions)	September 30, 2012			December 31, 2011
Land	$	49.2		$	47.2
Buildings		320.1			286.7
Machinery and equipment		1,095.9			1,032.4

		1,465.2			1,366.3
Less: Accumulated depreciation		(851.0	)		(750.4	)

Total property, plant and equipment, net	$	614.2		$	615.9

Depreciation of property, plant and equipment was $34.6 and $35.6 for the three months ended September 30, 2012 and 2011, respectively, and $97.2 and $107.6 for the nine months ended September 30, 2012 and 2011, respectively.

- 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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