Plant and Equipment, Goodwill and Intangibles

12 Months Ended

Dec. 31, 2013

Plant and Equipment, Goodwill and Intangibles [Abstract]

Plant and Equipment, Goodwill and Intangibles

Note 6: Plant and Equipment, Goodwill and Intangibles 

Plant and equipment consisted of the following:

	December 31,
(dollars in millions)	2013			2012
Land and land improvements	$	132.2		$	100.0
Buildings		743.7			610.5
Machinery and equipment		1,661.6			1,387.5
Tooling, dies, patterns, etc.		208.5			205.3
Office furniture & equipment		210.4			177.1
Capitalized software		348.2			288.3
Assets under capital leases		106.7			102.5
Construction in progress		230.5			251.6
All other		28.3			33.1
		3,670.1			3,155.9
Accumulated depreciation		(1,633.2	)		(1,390.8	)
Total plant and equipment, net	$	2,036.9		$	1,765.1

Changes in goodwill during 2013 were as follows:

(dollars in millions)	DPS				V&M		PCS		Total
Balance at December 31, 2012	$	744.4		$	318.8		$	860.7	$	1,923.9
Current year acquisitions		1,011.4			2.9			–		1,014.3
Translation and other		(10.6	)		(4.1	)		1.3		(13.4	)
Balance at December 31, 2013	$	1,745.2		$	317.6		$	862.0	$	2,924.8

 Intangibles consisted of the following:

	December 31,
(dollars in millions)	2013			2012
Customer relationships	$	519.2		$	136.3
Patents and technology		425.4			198.0
Trademarks		69.3			71.6
Noncompete agreements, engineering drawings and other		103.0			87.0
		1,116.9			492.9
Accumulated amortization		(213.2	)		(157.1	)
Total intangibles, net	$	903.7		$	335.8

Amortization expense associated with the Company’s amortizable intangibles recorded as of December 31, 2013 is expected to approximate $76.9 million, $59.7 million, $51.9 million, $51.0 million and $48.7 million for the years ending December 31, 2014, 2015, 2016, 2017 and 2018, respectively.