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PROPERTY, PLANT, AND EQUIPMENT
9 Months Ended
Feb. 26, 2017
PROPERTY, PLANT AND EQUIPMENT  
PROPERTY, PLANT, AND EQUIPMENT

 

6.    PROPERTY, PLANT AND EQUIPMENT

 

The components of property, plant, and equipment were as follows (dollars in millions):

 

 

 

 

 

 

 

 

 

 

    

February 26,

    

May 29,

 

 

 

2017

 

2016

 

Land and land improvements

 

$

139.7

 

$

136.5

 

Buildings, machinery and equipment

 

 

1,858.5

 

 

1,776.1

  

Furniture, fixtures, office equipment and other

 

 

62.3

 

 

53.1

  

Construction in progress

 

 

182.5

 

 

68.5

  

Property, plant and equipment, at cost

 

 

2,243.0

 

 

2,034.2

  

Less accumulated depreciation

 

 

(1,057.4)

 

 

(991.1)

  

Property, plant and equipment, net

 

$

1,185.6

 

$

1,043.1

 

 

Depreciation expense was $25.8 million and $23.1 million for the thirteen weeks ended February 26, 2017 and February 28, 2016, respectively, and $76.4 million and $69.9 million for the thirty-nine weeks ended February 26, 2017 and February 28, 2016, respectively. At February 26, 2017 and May 29, 2016, purchases of property, plant and equipment included in accounts payable were $31.5 million and $15.5 million, respectively.

 

The amounts of interest capitalized in construction in progress for the thirteen and thirty-nine weeks ended February 26, 2017 and February 28, 2016 were $1.3 million, $0.6 million, $3.2 million and $1.7 million, respectively.