PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

(Millions of Dollars)	2016			2015
Land	$	107.3		$	129.2
Land improvements	37.0			36.0
Buildings	519.3			525.3
Leasehold improvements	114.2			98.9
Machinery and equipment	2,008.5			1,979.9
Computer software	373.9			397.5
Property, plant & equipment, gross	$	3,160.2		$	3,166.8
Less: accumulated depreciation and amortization	(1,709.0		)	(1,716.6		)
Property, plant & equipment, net	$	1,451.2		$	1,450.2

Depreciation and Amortization Expense Associated with Property, Plant and Equipment

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

(Millions of Dollars)	2016		2015		2014
Depreciation	$	221.8	$	219.2	$	229.5
Amortization	41.8		37.7		33.9
Depreciation and amortization expense	$	263.6	$	256.9	$	263.4