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Property, Plant and Equipment, Net
12 Months Ended
Dec. 31, 2020
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment, Net

Note G: Property, Plant and Equipment, Net

 

December 31

 

 

 

 

 

 

 

 

(in millions)

 

2020

 

 

2019

 

Land and land improvements

 

$

1,231.9

 

 

$

1,135.0

 

Mineral reserves and interests

 

 

2,529.7

 

 

 

2,509.8

 

Buildings

 

 

164.2

 

 

 

163.4

 

Machinery and equipment

 

 

4,782.0

 

 

 

4,548.6

 

Construction in progress

 

 

209.4

 

 

 

258.4

 

Finance lease right-of-use assets

 

 

37.8

 

 

 

18.3

 

Total property, plant and equipment

 

 

8,955.0

 

 

 

8,633.5

 

Less: accumulated depreciation, depletion and amortization

 

 

(3,712.7

)

 

 

(3,427.5

)

Property, plant and equipment, net

 

$

5,242.3

 

 

$

5,206.0

 

 

Depreciation, depletion and amortization expense related to property, plant and equipment was $376.3 million, $354.4 million and $326.1 million for the years ended December 31, 2020, 2019 and 2018, respectively. Depreciation, depletion and amortization expense for 2020 and 2019 includes amortization of right-of-use assets from finance leases and for 2018 includes amortization of machinery and equipment under capital leases.

Interest expense of $4.2 million, $5.1 million and $3.0 million was capitalized during 2020, 2019 and 2018, respectively.

At December 31, 2020 and 2019, $46.0 million and $49.7 million, respectively, of the Building Materials business’ property, plant and equipment, net, were located in foreign countries, namely The Bahamas and Canada.