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PROPERTY:
12 Months Ended
Dec. 31, 2015
PROPERTY:  
PROPERTY:

 

NOTE 5-PROPERTY:

 

 

 

At December 31,

 

(in millions)

 

2015

 

2014

 

Buildings and equipment

 

$

11,529.4

 

$

9,754.0

 

Construction in progress

 

1,449.6

 

2,175.6

 

Mine development

 

265.9

 

255.0

 

Mineral assets

 

93.0

 

 

Land, other than mineral

 

118.4

 

100.1

 

 

 

 

 

 

 

Total property

 

13,456.3

 

12,284.7

 

Accumulated depreciation, amortization and depletion

 

(5,193.5

)

(4,848.3

)

 

 

 

 

 

 

Total property and mine development, net

 

$

8,262.8

 

$

7,436.4

 

 

 

 

 

 

 

 

 

 

Construction in progress increased in 2015 as a result of the spending on the Company expansion projects. For more detailed information, please see Item 7 “Management Discussion and Analysis of Financial Condition and Results of Operations — Capital Investment Program.”

 

Depreciation and depletion expense for the years ended December 31, 2015, 2014 and 2013, amounted to $503.6 million, $440.1 million and $393.6 million, respectively.