Accounting Policies Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Table Text Block]

Depreciation is recorded on a straight-line basis to allocate the cost of depreciable assets and leasehold improvements over their estimated service lives, which generally fall within the following ranges:



Land improvements	10 years
Buildings and improvements	10-40 years
Machinery, equipment and tooling	2-10 years

The components of property, plant and equipment, net are as follows:



	December 31,
(in millions)	2012		2011
Land and land improvements	$	11.3	$	13.8
Buildings	95.0		91.0
Machinery and equipment	791.3		827.7
Capital leases	2.0		—
	899.6		932.5
Less accumulated depreciation	748.0		754.6
	151.6		177.9
Construction in process	5.4		11.5
Property, plant and equipment, net	$	157.0	$	189.4

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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