Property, Plant and Equipment

6 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

The components of property, plant and equipment at June 30, 2016, and December 31, 2015, were as follows:



	June 30, 2016			December 31, 2015
Land	$	128.6		$	135.9
Buildings	942.0			952.6
Machinery and equipment	3,623.2			3,603.9
Other⁽¹⁾	196.5			194.1
Construction in progress	25.5			24.2
Property, plant and equipment—gross	$	4,915.8		$	4,910.7
Less: accumulated depreciation	(3,340.8		)	(3,234.9		)
Property, plant and equipment—net	$	1,575.0		$	1,675.8

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⁽¹⁾	Other consists of computer equipment, vehicles, furniture and fixtures, leasehold improvements and communication-related equipment.

The Company recorded impairment charges of $0.1 million and $16.8 million for the three and six months ended June 30, 2016, respectively, and $1.1 million and $7.3 million for the three and six months ended June 30, 2015, respectively, to reduce the carrying amounts of certain property, plant and equipment no longer utilized in production to fair value (see Note 3, "Restructuring, Impairment and Transaction-Related Charges," for further discussion on impairment charges).

The Company recognized depreciation expense of $56.3 million and $114.3 million for the three and six months ended June 30, 2016, respectively, and $62.9 million and $125.1 million for the three and six months ended June 30, 2015, respectively.

Assets Held for Sale

The Company considered certain closed facilities for held for sale classification on the condensed consolidated balance sheets. The net book value of assets held for sale was $6.7 million and $6.3 million as of June 30, 2016, and December 31, 2015, respectively. These assets were carried at the lesser of original cost or fair value, less the estimated costs to sell. The fair values were determined by the Company to be Level 3 under the fair value hierarchy (see Note 12, "Financial Instruments and Fair Value Measurements," for the definition of Level 3 inputs) and were estimated based on broker quotes and internal expertise related to current marketplace conditions. Assets held for sale are included in prepaid expenses and other current assets in the condensed consolidated balance sheets.