PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 29, 2012

Property, Plant and Equipment [Abstract]



(Millions of Dollars)	2012			2011
Land	$	113.5		$	103.2
Land improvements	29.9			25.9
Buildings	470.8			423.2
Leasehold improvements	73.9			48.7
Machinery and equipment	1,644.0			1,363.4
Computer software	364.4			293.5
Property, plant & equipment, gross	$	2,696.5		$	2,257.9
Less: accumulated depreciation and amortization	(1,362.8		)	(1,115.3		)
Property, plant & equipment, net	$	1,333.7		$	1,142.6

Depreciation and amortization expense associated with property, plant and equipment was as follows:



(Millions of Dollars)	2012		2011		2010
Depreciation	$	210.6	$	194.4	$	177.4
Amortization	27.3		34.1		26.0
Depreciation and amortization expense	$	237.9	$	228.5	$	203.4

The amounts above are inclusive of depreciation and amortization expense for discontinued operations amounting to $21.2 million in 2012, $23.8 million in 2011 and $28.9 million in 2010.

- 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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