Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Property, Plant and Equipment

Depreciation of property, plant and equipment is calculated using the straight-line method over the estimated useful lives as follows: 

Asset category	Estimated useful lives
Land	Not depreciated
Buildings and leasehold improvements	15 to 50 years
Office furniture, fittings and equipment	3 to 10 years
Machinery, equipment and other	3 to 15 years

Property, plant and equipment are recorded at cost, net of accumulated depreciation. Components of property, plant and equipment, net are summarized as follows:

	December 31,			December 31,
(In millions)	2016			2015
Land	$	337.9		$	96.7
Buildings and leasehold improvements	1,915.4			606.4
Machinery, equipment and other	2,547.2			827.4
Assets under construction	2,632.5			93.7
Total property, plant and equipment at cost	7,433.0			1,624.2
Less: Accumulated depreciation	(963.4		)	(796.1		)
Property, plant and equipment, net	$	6,469.6		$	828.1