Plant, Property and Equipment, Net

12 Months Ended

Dec. 31, 2012

NOTE 11

Plant, Property and Equipment, Net


	2012			2011
Land and improvements	$	18.0		$	17.2
Buildings and improvements		184.6			160.6
Machinery and equipment		785.4			732.8
Furniture, fixtures and office equipment		69.9			61.4
Construction work in progress		43.7			46.4
Other		9.0			8.2
Plant, property and equipment, gross		1,110.6			1,026.6
Less – accumulated depreciation		(737.5	)		(705.2	)
Plant, property and equipment, net	$	373.1		$	321.4

Depreciation expense of $54.6, $56.4 and $51.6 was recognized in 2012, 2011 and 2010, respectively.

- Definition

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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