Property, Plant and Equipment, Net (Tables)

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

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

(In millions)	March 31, 2017			December 31, 2016
Land	$	339.2		$	337.9
Buildings and leasehold improvements	1,943.0			1,915.4
Machinery, equipment and other	2,642.6			2,547.2
Assets under construction	2,642.8			2,632.5
Total property, plant and equipment at cost	7,567.6			7,433.0
Less: Accumulated depreciation	(1,071.5		)	(963.4		)
Property, plant and equipment, net	$	6,496.1		$	6,469.6