Property, Plant, and Equipment

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

(5) Property, Plant and Equipment

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



	June 30, 2014		December 31, 2013
	(in millions)
Land and improvements	$	36.7	$	36.1
Buildings	44.6		42.6
Machinery and equipment	2,341.4		2,312.5
Automotive equipment	20.0		19.2
Furniture and fixtures	19.3		18.3
Leasehold improvements	2.8		2.5
Aircraft	2.3		2.3
Railcars	7.9		7.9
Construction in progress	231.7		164.9
	2,706.7		2,606.3
Accumulated depreciation	812.5		741.9
Total property, plant and equipment, net	$	1,894.2	$	1,864.4

Capitalized interest recognized as a reduction in interest expense for the three months ended June 30, 2014 and 2013 totaled approximately $2.9 million and $0.4 million, respectively. Capitalized interest recognized as a reduction in interest expense for the six months ended June 30, 2014 and 2013 totaled approximately $5.2 million and $1.2 million, respectively. Land, buildings and equipment that are under a capital lease obligation had an original carrying value of approximately $24.8 million at both June 30, 2014 and December 31, 2013. Amortization of assets held under capital leases is included in depreciation expense.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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