PROPERTY, PLANT AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2014

5. PROPERTY, PLANT AND EQUIPMENT, NET

As of June 30, 2014 and December 31, 2013, property, plant and equipment consisted of the following:

*(In millions)*	June 30, 2014		December 31, 2013

Chemical manufacturing plants	$	1,308.9	$	1,259.1
Machinery and equipment		1,209.8		1,052.8
Buildings		209.8		219.9
Depletable land and land improvements		175.2		292.2
Construction-in-progress		117.3		134.7


Property, plant and equipment, at cost		3,021.0		2,958.7
Less: accumulated depreciation		1,358.0		1,300.0


Property, plant and equipment, net	$	1,663.0	$	1,658.7

- 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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