Property, Plant and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:



	As of December 31
(in thousands)	2014			2013
Land	$	18,052		$	32,618
Buildings	157,250			299,652
Machinery, equipment and fixtures	2,357,264			2,289,966
Leasehold improvements	214,119			294,548
Construction in progress	71,156			94,615
	2,817,841			3,011,399
Less accumulated depreciation	(1,957,012		)	(2,083,857		)
	$	860,829		$	927,542

Depreciation expense was $203.6 million, $229.4 million and $240.1 million in 2014, 2013 and 2012, respectively.

- 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.

+ References+ Details