Property, Plant and Equipment

12 Months Ended

Dec. 31, 2013

6.	PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of December 31, 2013 and 2012 consisted of the following:


	December 31
	2013			2012
	(In thousands)
Land	$	181,026		$	186,016
Buildings		609,907			594,083
Leasehold improvements		75,925			73,409
Machinery and equipment		1,704,160			1,702,241
Construction in progress		56,069			23,765

		2,627,087			2,579,514
Less accumulated depreciation		(1,411,040	)		(1,330,877	)

Total	$	1,216,047		$	1,248,637

Depreciation expense amounted to $161.8 million, $168.4 million and $168.5 million during the years ended December 31, 2013, 2012 and 2011, respectively.

For 2013 and 2012, we capitalized $0.1 million and $2.5 million in interest related to borrowings during the construction period of major capital projects, which is included as part of the cost of the related asset.

See Note 17 for information regarding plant, property and equipment write-downs incurred in conjunction with our restructuring plans and certain other events.

- 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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