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Property, Plant, and Equipment
 9 Months Ended
Sep. 30, 2014
Property, Plant, and Equipment
4. Property, Plant, and Equipment

Property, plant, and equipment, net includes the following:

 

     September 30,
2014		     September 30,
2013		     December 31,
2013		  
     (In thousands)  

Land

    $ 27,609      $ 26,990      $ 27,555   

Buildings

      273,261        268,961        269,874   

Machinery and equipment

      702,501        687,537        673,546   

Software

      331,324        288,349        301,284   

Tools, dies, and molds

      773,059        710,521        713,749   

Capital leases

      23,970        23,271        23,271   

Leasehold improvements

      239,407        222,397        230,271   
  

 

 

    

 

 

    

 

 

  
     2,371,131        2,228,026        2,239,550   

Less: accumulated depreciation

      (1,659,494 )      (1,593,253 )      (1,580,217 ) 
  

 

 

    

 

 

    

 

 

  
   $ 711,637      $ 634,773      $ 659,333   
  

 

 

    

 

 

    

 

 

  

Property, plant, and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over estimated useful lives of 10 to 30 years for buildings, 3 to 10 years for machinery and equipment, 3 to 7 years for software, and 10 to 20 years, not to exceed the lease term, for leasehold improvements. Tools, dies, and molds are depreciated using the straight-line method over 3 years. Estimated useful lives are periodically reviewed and, where appropriate, changes are made prospectively. The carrying value of property, plant, and equipment is reviewed when events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. Any potential impairment identified is assessed by evaluating the operating performance and future undiscounted cash flows of the underlying assets. When property is sold or retired, the cost of the property and the related accumulated depreciation are removed from the consolidated balance sheet, and any resulting gain or loss is included in the results of operations.