Property, Plant and Equipment

12 Months Ended

Dec. 31, 2013

5. Property, Plant and Equipment

Property, plant and equipment, net, is comprised of the following at December 31, 2013 and 2012:


(in millions)	2013			2012
Land	$	62.7		$	55.6
Buildings		427.3			326.6
Machinery and equipment		1,229.8			1,079.0
Construction-in-progress		144.6			85.7

		1,864.4			1,546.9
Less: Accumulated depreciation		(1,011.8	)		(868.3	)

Total	$	852.6		$	678.6

Depreciation of property, plant and equipment for 2013, 2012 and 2011 was $144, $135 and $145, 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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