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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2018
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

10. Property, Plant and Equipment

 

DECEMBER 31

 

2018

 

 

2017

 

 

Estimated

life

Land and land improvements

 

$

114.7

 

 

$

113.4

 

 

n/a to 15

Machinery and equipment

 

 

3,496.8

 

 

 

3,276.1

 

 

3-8

Buildings

 

 

822.9

 

 

 

816.2

 

 

20-40

Construction in progress

 

 

374.3

 

 

 

370.6

 

 

n/a

Property, plant and equipment

 

$

4,808.7

 

 

$

4,576.3

 

 

 

Less accumulated depreciation

 

 

(3,118.6

)

 

 

(2,967.4

)

 

 

Net of depreciation

 

$

1,690.1

 

 

$

1,608.9

 

 

 

 

DEPRECIATION INCLUDED IN

 

2018

 

 

2017

 

 

2016

 

Cost of sales

 

$

300.9

 

 

$

268.9

 

 

$

248.3

 

Selling, general and administrative expenses

 

 

13.9

 

 

 

12.5

 

 

 

8.6

 

Research, development and engineering expenses, net

 

 

15.9

 

 

 

14.5

 

 

 

12.7

 

Total

 

$

330.7

 

 

$

295.9

 

 

$

269.6

 

 

No significant fixed asset impairments related to the Company’s continuing operations were recognized during 2018, 2017 or 2016.

The net book value of machinery and equipment and buildings and land under capital lease contracts recorded at December 31, 2018 and December 31, 2017 were immaterial. The amortization expense related to capital leases is included with depreciation expenses disclosed in the table above.