Property, Plant and Equipment

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Note 5 - Property, Plant and Equipment

The components of property, plant and equipment were as follows:



	June 30, 2013			December 31, 2012
Land and buildings	$	663.1		$	653.8
Machinery and equipment	3,249.1			3,138.3
Subtotal	3,912.2			3,792.1
Accumulated depreciation	(2,443.1		)	(2,386.8		)
Property, Plant and Equipment, net	$	1,469.1		$	1,405.3

Depreciation expense for the six months ended June 30, 2013 and 2012 was $88.0 million and $90.3 million, respectively. At June 30, 2013 and December 31, 2012, machinery and equipment included $82.6 million and $84.9 million, respectively, of capitalized software. Depreciation expense on capitalized software for the six months ended June 30, 2013 and 2012 was approximately $12.0 million and $11.6 million, 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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