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Property And Equipment, Net

9 Months Ended

Sep. 30, 2011

Property And Equipment, Net

Property And Equipment, Net

Note 5 – Property and Equipment, Net

Property and equipment, net, including property and equipment held under capital leases, is composed of the following as of the dates indicated (in millions):


		September 30, 2011				December 31, 2010				Estimated Useful Lives (In Years)
Land		$	4.7			$	4.7
Buildings and leasehold improvements			11.9				11.1			5 - 40
Machinery and equipment			364.9				274.5			2 - 15
Office furniture and equipment			76.1				59.9			3 - 7

Total property and equipment		$	457.6			$	350.2
Less accumulated depreciation			(204.2	)			(169.4	)

Property and equipment, net		$	253.4			$	180.8

Property and equipment under capital leases are depreciated over their estimated useful lives. Depreciation expense for the three months ended September 30, 2011 and 2010 was $16.0 million and $11.4 million, respectively. Depreciation expense for the nine months ended September 30, 2011 and 2010 was $43.8 million and $33.6 million, respectively.

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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