Property, Plant and Equipment

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment consist of the following as of the dates indicated:

		December 31,
	Depreciable Life	2017			2016 (1)
Land	—	$	8.2		$	8.2
Building and improvements	10 - 40 years	38.9			29.6
Pipeline and equipment (2)	10 - 30 years	1,153.6			1,145.0
Other	5 - 25 years	17.8			17.7
		1,218.5			1,200.5
Accumulated depreciation and amortization (3)		(526.1		)	(495.8		)
		692.4			704.7
Construction in progress		44.1			29.0
Property, plant and equipment, net		$	736.5		$	733.7

⁽¹⁾ The financial information presented has been retrospectively adjusted for acquisitions of businesses under common control.

⁽²⁾ As of December 31, 2017 and 2016, includes cost of $353.7 million and $343.9 million, respectively, related to assets under operating leases (as lessor), which commenced in May 2017 and December 2017. As of both December 31, 2017 and 2016, includes cost of $22.8 million related to assets under capital lease (as lessee).

⁽³⁾ As of December 31, 2017 and 2016, includes accumulated depreciation of $104.7 million and $91.2 million, respectively, related to assets under operating leases (as lessor), which commenced in May 2017 and December 2017. As of December 31, 2017 and 2016, includes accumulated depreciation of $3.0 million and $1.6 million, respectively, related to assets under capital lease (as lessee).

Depreciation and amortization expense on property, plant and equipment of $45.0 million, $43.1 million and $37.9 million is included in cost and expenses in the accompanying consolidated statements of income for 2017, 2016 and 2015, respectively. Depreciation and amortization expense on property, plant and equipment includes amounts pertaining to assets under operating (as lessor) and capital leases (as lessee).