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Property, Plant and Equipment Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2014
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment Disclosure | PROPERTY, PLANT AND EQUIPMENT
| Successor |  |  | Predecessor
($ millions) | December 31, 2014 |  |  | December 31, 2013
Property, plant and equipment, gross | $ | 3.7 |  |  |  | $ | 305.1 |
Accumulated depreciation | (0.2 | ) |  |  | (297.2 | )
Property, plant and equipment, net | $ | 3.5 |  |  |  | $ | 7.9 |
The Company ceased uranium enrichment at the Paducah GDP at the end of May 2013 and all of the leased portions of the Paducah GDP were de-leased and returned to DOE in October 2014. In the nine months ended September 30, 2014, the Company retired property, plant and equipment having a gross value of $257.0 million and a book value of $0.2 million net of accumulated depreciation. In connection with the application of fresh start accounting, the gross property, plant and equipment value of $48.1 million as of September 30, 2014 was adjusted to the net carrying value of $3.7 million, and therefore accumulated depreciation and amortization of $44.4 million was eliminated as of September 30, 2014. Depreciation expense is $0.2 million for the three months ended December 31, 2014, $4.0 million for the nine months ended September 30, 2014 and $23.3 million for the year ended December 31, 2013. In 2014, the Company arranged for several auctions and direct sales of assets and property related to the Paducah GDP and American Centrifuge project that were no longer needed. Other (Income) includes net gains on sales of assets and property as follows (in millions):
| Successor |  |  | Predecessor
| 3 Mos. Ended Dec. 31, 2014 |  |  | 9 Mos. Ended Sep. 30, 2014
Sales of assets and property | $ | 1.8 |  |  |  | $ | 8.9 |
Less: asset retirements and related sales expenses | 0.5 |  |  |  | 3.2 |
Net gains on sales of assets and property | $ | 1.3 |  |  |  | $ | 5.7 |
Cash proceeds received | $ | 2.1 |  |  |  | $ | 8.4 |
Additional sales of assets and property are anticipated.

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- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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