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Property, Plant and Equipment Property, Plant and Equipment
 12 Months Ended
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.