Property, Plant, and Equipment

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

The components of property, plant, and equipment were as follows (dollars in millions):



	March 31, 2015			December 31, 2014
Land and land improvements	$	144.5		$	143.5
Buildings	659.8			654.6
Machinery and equipment	4,533.7			4,508.0
Construction in progress	198.3			154.8
Other	54.5			54.5
Property, plant, and equipment, at cost	5,590.8			5,515.4
Less accumulated depreciation	(2,726.7		)	(2,657.8		)
Property, plant, and equipment, net	$	2,864.1		$	2,857.6

Depreciation expense for the three months ended March 31, 2015 and 2014, was $85.2 million and $76.0 million, respectively. During the three months ended March 31, 2015 and 2014, we recognized $9.0 million and $1.3 million of incremental depreciation expense from shortening the useful lives of assets at our DeRidder, Louisiana mill.

At March 31, 2015, and December 31, 2014, purchases of property, plant, and equipment included in accounts payable were $51.4 million and $13.9 million.

- 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.

+ References+ Details