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PROPERTY:
12 Months Ended
Dec. 31, 2018
PROPERTY:  
PROPERTY:

NOTE 5-PROPERTY:

 

 

 

 

 

 

 

 

 

 

At December 31,

(in millions)

    

2018

    

2017

Buildings and equipment

 

$

14,294.0

 

$

12,552.8

Construction in progress

 

 

1,516.9

 

 

2,301.9

Mine development

 

 

267.9

 

 

267.9

Mineral assets

 

 

83.2

 

 

83.2

Land, other than mineral

 

 

164.1

 

 

218.4

Total property

 

 

16,326.1

 

 

15,424.2

Accumulated depreciation, amortization and depletion

 

 

(6,922.3)

 

 

(6,324.6)

Total property and mine development, net

 

$

9,403.8

 

$

9,099.6

 

Construction in progress decreased in 2018 as a result of the completion of some of 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, 2018, 2017 and 2016, amounted to $668.9 million, $665.2 million and $639.1 million, respectively.