Property, Plant and Equipment

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment [Abstract]

Note 5 - Property, Plant and Equipment

The components of property, plant and equipment were as follows:



	September 30, 2013			December 31, 2012
Land and buildings	$	668.3		$	653.8
Machinery and equipment	3,315.0			3,138.3
Subtotal	3,983.3			3,792.1
Accumulated depreciation	(2,485.0		)	(2,386.8		)
Property, Plant and Equipment, net	$	1,498.3		$	1,405.3

Depreciation expense for the nine months ended September 30, 2013 and 2012 was $131.0 million and $134.5 million, respectively. At September 30, 2013 and December 31, 2012, machinery and equipment included $82.5 million and $84.9 million, respectively, of capitalized software. Depreciation expense on capitalized software for the nine months ended September 30, 2013 and 2012 was approximately $18.8 million and $17.6 million, respectively. Interest capitalized during the nine months ended September 30, 2013 and 2012 was $8.6 million and $2.9 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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