Property, Plant and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment:

Components of Property, plant and equipment, net were as follows (in millions):



	As of December 31,
	2013			2012
Land	$	39.5		$	29.4
Buildings and improvements	212.6			208.6
Machinery and equipment	649.1			612.9
Construction in progress and equipment not yet in service	51.6			32.1
Total	952.8			883.0
Less accumulated depreciation	(617.3		)	(584.8		)
Property, plant and equipment, net	$	335.5		$	298.2

Property, plant and equipment, net includes capital lease assets comprised of buildings, improvements, machinery and equipment totaling $15.6 million and $14.4 million, net of accumulated depreciation of $9.6 million and $8.9 million as of December 31, 2013 and 2012, respectively.

No impairment charges were recorded in 2013 or 2012. We recorded $0.2 million of impairment charges for machinery and equipment assets no longer in use for the year ended December 31, 2011.

- 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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