Properties and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Properties and Equipment

Properties and Equipment

	December 31,
(In millions)	2013			2012
Land	$	20.0		$	19.9
Buildings	524.3			500.3
Information technology and equipment	172.0			146.7
Machinery, equipment and other	1,883.2			1,786.8
Projects under construction	107.2			101.9
Properties and equipment, gross	2,706.7			2,555.6
Accumulated depreciation and amortization	(1,876.8		)	(1,785.1		)
Properties and equipment, net	$	829.9		$	770.5

Capitalized interest costs amounted to $1.2 million, $0.1 million, and $0.1 million in 2013, 2012, and 2011, respectively. Depreciation and lease amortization expense relating to properties and equipment amounted to $108.6 million, $108.2 million, and $110.0 million in 2013, 2012, and 2011, respectively. Grace's rental expense for operating leases amounted to $28.4 million, $26.1 million, and $20.5 million in 2013, 2012, and 2011, respectively.

At December 31, 2013, minimum future non-cancelable payments for operating leases are:

	(In millions)
2014	$	22.8
2015	17.3
2016	13.4
2017	7.9
2018	4.8
Thereafter	18.7
	$	84.9

The above minimum non-cancelable lease payments are net of anticipated sublease income of $0.8 million in 2014, $0.7 million in 2015, $0.4 million in 2016, $0.2 million in 2017, $0.1 million in 2018 and $0.1 million thereafter.