Property, Plant, and Equipment

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment [Abstract]

A summary of costs for property, plant, and equipment is as follows:



	September 30, 2013		December 31, 2012
	(in millions)
Land and improvements	$	34.0	$	31.0
Buildings	42.5		40.6
Machinery and equipment	2,284.8		2,089.5
Automotive equipment	16.7		15.0
Furniture and fixtures	14.7		13.7
Leasehold improvements	2.5		2.5
Aircraft	2.2		—
Railcars	8.0		2.5
Construction in progress	134.8		189.2
	2,540.2		2,384.0
Accumulated depreciation	705.5		601.1
Total property, plant and equipment, net	$	1,834.7	$	1,782.9

Capitalized interest recognized as a reduction in interest expense for the three months ended September 30, 2013 and 2012 totaled approximately $0.8 million and $2.8 million, respectively. Capitalized interest recognized as a reduction in interest expense for the nine months ended September 30, 2013 and 2012 totaled approximately $2.0 million and $7.1 million, respectively. Land, buildings and equipment that are under a capital lease obligation had an original carrying value of approximately $25.1 million as of September 30, 2013 and December 31, 2012. Amortization of assets held under capital leases is included in depreciation expense.

- 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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