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Property, Plant and Equipment, Net
12 Months Ended
Dec. 31, 2019
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment, Net

Note G: Property, Plant and Equipment, Net

 

December 31

 

 

 

 

 

 

 

 

(in millions)

 

2019

 

 

2018

 

Land and land improvements

 

$

1,135.0

 

 

$

1,089.6

 

Mineral reserves and interests

 

 

2,509.8

 

 

 

2,506.8

 

Buildings

 

 

163.4

 

 

 

162.1

 

Machinery and equipment

 

 

4,548.6

 

 

 

4,357.7

 

Construction in progress

 

 

258.4

 

 

 

178.7

 

Finance lease right-of-use assets

 

 

18.3

 

 

 

 

 

 

 

8,633.5

 

 

 

8,294.9

 

Less: Accumulated depreciation, depletion and amortization

 

 

(3,427.5

)

 

 

(3,137.7

)

Total

 

$

5,206.0

 

 

$

5,157.2

 

 

Depreciation, depletion and amortization expense related to property, plant and equipment was $354.4 million, $326.1 million and $279.8 million for the years ended December 31, 2019, 2018 and 2017, respectively. Depreciation, depletion and amortization expense for 2019 includes amortization of right-of-use assets from finance leases and for 2018 and 2017 includes amortization of machinery and equipment under capital leases.

Interest expense of $5.1 million, $3.0 million and $3.6 million was capitalized during 2019, 2018 and 2017, respectively.

At December 31, 2019 and 2018, $49.7 million and $56.2 million, respectively, of the Building Materials business’ property, plant and equipment, net, were located in foreign countries, namely the Bahamas and Canada.