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PROPERTY, PLANT & EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Major Classes of Depreciable Assets

The major classes of depreciable assets are as follows:

						December 31,
In millions						2020						2019
Machinery and equipment						$	1,474.6					$	1,363.8
Buildings and improvements						801.1						774.2
Land and improvements						97.6						78.0
Property, plant and equipment						2,373.3						2,216.0
Less: accumulated depreciation						(771.7)						(560.2)
Total						$	1,601.6					$	1,655.8

Estimated Useful Lives of Property Plant and Equipment

The estimated useful lives of property, plant and equipment are as follows:

						Years
Land improvements						10 to 20
Building and improvements						20 to 40
Machinery and equipment						3 to 15

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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Schedule Of Estimated Useful Lives Of Property Plant And Equipment Table

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