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Property and Equipment, net (Tables)
 12 Months Ended
Dec. 31, 2015
Property Plant And Equipment [Abstract]  
Schedule of Property and Equipment, Net

The following table details our property and equipment.

 

 

 

December 31,

 

 

December 31,

 

(In millions)

 

2015

 

 

2014(1)

 

Land and improvements

 

$

86.7

 

 

$

98.6

 

Buildings

 

 

602.0

 

 

 

636.0

 

Machinery and equipment

 

 

2,141.3

 

 

 

2,195.9

 

Other property and equipment

 

 

129.1

 

 

 

140.0

 

Construction-in-progress

 

 

190.7

 

 

 

109.0

 

Property and equipment, gross

 

 

3,149.8

 

 

 

3,179.5

 

Accumulated depreciation and amortization

 

 

(2,219.1

)

 

 

(2,236.5

)

Property and equipment, net

 

$

930.7

 

 

$

943.0

 

 

 

(1)

Excludes North American foam trays and absorbent pads and European food trays business property and equipment, net.  Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.
Interest Cost Capitalized and Depreciation and Amortization Expense for Property and Equipment

The following table details our interest cost capitalized and depreciation and amortization expense for property and equipment for the three years ended December 31, 2015.

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

(In millions)

 

2015

 

 

2014

 

 

2013

 

Interest cost capitalized

 

$

5.4

 

 

$

6.2

 

 

$

4.9

 

Depreciation and amortization expense for property and

   equipment

 

$

124.6

 

 

$

147.8

 

 

$

160.2