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PROPERTY:
12 Months Ended
Dec. 31, 2016
PROPERTY:  
PROPERTY:

NOTE 5—PROPERTY:

 

                                                                                                                                                                                    

 

 

At December 31,

 

(in millions)

 

2016

 

2015

 

Buildings and equipment

 

$

12,177.1

 

$

11,529.4

 

Construction in progress

 

 

1,811.8

 

 

1,449.6

 

Mine development

 

 

259.1

 

 

265.9

 

Mineral assets

 

 

83.2

 

 

93.0

 

Land, other than mineral

 

 

142.1

 

 

118.4

 

​  

​  

​  

​  

Total property

 

 

14,473.3

 

 

13,456.3

 

Accumulated depreciation, amortization and depletion

 

 

(5,706.8

)

 

(5,193.5

)

​  

​  

​  

​  

Total property and mine development, net

 

$

8,766.5

 

$

8,262.8

 

​  

​  

​  

​  

​  

​  

​  

​  

        Construction in progress increased in 2016 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, 2016, 2015 and 2014, amounted to $639.1 million, $503.6 million and $440.1 million, respectively.