Property, Plant and Equipment, Net

Property, plant and equipment consisted of the following (U.S. dollars in millions):



	December 29, 2017			December 30, 2016
Land and land improvements	$	716.9		$	675.0
Buildings and leasehold improvements	561.3			525.6
Machinery and equipment	547.3			529.8
Maritime equipment (including containers)	148.6			176.2
Furniture, fixtures and office equipment	94.3			87.9
Automotive equipment	77.0			62.2
Construction-in-progress	85.1			86.1
	2,230.5			2,142.8
Less: accumulated depreciation and amortization	(902.2		)	(870.8		)
Property, plant and equipment, net	$	1,328.3		$	1,272.0

Depreciation expense on property, plant and equipment, including assets under capital leases, was $78.3 million for 2017, $76.8 million for 2016 and $71.1 million for 2015.

Shipping containers, machinery and equipment and automotive equipment under capital leases totaled $2.7 million at December 29, 2017 and $3.1 million at December 30, 2016. Accumulated amortization for assets under capital leases was $1.4 million at December 29, 2017 and $1.5 million at December 30, 2016.

The loss (gain) on disposal of property, plant and equipment was a net loss of $3.0 million for 2017, zero for 2016 and a net gain of $2.1 million for 2015. In 2017, the loss (gain) on disposal of property, plant and equipment primarily included charges related to losses on disposal of low-yielding banana plants in Costa Rica and Guatemala in order to replant and improve productivity, asset disposals in the Middle East and South America partially offset by gains on maritime equipment sales. In 2016, the loss (gain) on sales of property, plant and equipment consisted primarily of losses on the disposal of low-yielding banana plants in Costa Rica and Guatemala in order to replant and improve productivity, disposal of deciduous plants in Chile and a loss on the sale of a refrigerated ship, offset by the sale of lands in Central America. In 2015, the gain of $2.1 million consisted primarily of the sales of two refrigerated ships.

Acquisitions and Asset Purchase

During June 2016, we purchased a blueberry farm in Chile of approximately 320 acres, which includes agricultural production land, packing houses and farm equipment. The purchase price for this business was $7.1 million and was funded using operating cash flows and available borrowings under the Credit Facility (as defined in Note 11 “Long-Term Debt and Capital Lease Obligations”). Goodwill represents the excess purchase price above the fair market value of the net assets acquired.

We recorded $0.8 million of goodwill in our Other Fresh Produce segment as a result of this acquisition.

During November and December 2016, we purchased two non-tropical fruit farms in Chile, which includes agricultural production land and farm equipment. The purchase price for these businesses was $3.5 million, of which $1.9 million was funded using operating cash flows and available borrowings under the Credit Facility and the remaining $1.6 million was paid using the forgiveness of previous advances to these growers.

6. Property, Plant and Equipment, Net (continued)

On February 6, 2018, we entered into a definitive agreement to acquire Mann Packing for approximately $361 million.

See Note 7, "Goodwill and Other Intangible Assets" and Note 11, "Long-Term Debt and Capital Lease Obligations" for further information.