Property Plant And Equipment, Net

12 Months Ended

Dec. 31, 2016

Property Plant And Equipment [Abstract]

Property Plant And Equipment, Net

NOTE 7—PROPERTY, PLANT AND EQUIPMENT, NET

The following table presents the components of property, plant and equipment, net as of December 31, 2016 and 2015:

	December 31,
(In millions)	2016			2015
Land and improvements	$	67.5		$	65.5
Buildings and improvements		62.8			58.4
Machinery, equipment, furniture and fixtures		223.0			201.7
Construction work in progress		10.3			6.2
Property, plant and equipment		363.6			331.8
Accumulated depreciation		(74.4	)		(30.3	)
Property, plant and equipment, net	$	289.2		$	301.5

Capital lease assets totaled $7.6 million and $4.5 million as of December 31, 2016 and 2015, respectively. Capital lease amortization is included in depreciation expense. Accumulated depreciation on capital lease assets totaled $2.7 million and $0.5 million as of December 31, 2016 and 2015, respectively. During the years ended December 31, 2016, 2015 and 2014, zero, $0.6 million and zero of interest was capitalized in connection with capital projects.

The following table provides depreciation expense and repair and maintenance expense for the years ended December 31, 2016, 2015 and 2014:

	Year Ended December 31,
(In millions)	2016		2015		2014
Depreciation expense included in cost of sales	$	45.0	$	29.9	$	—
Depreciation expense included in selling, general    and administrative expenses		1.2		0.6		0.1
Total depreciation expense	$	46.2	$	30.5	$	0.1
Repair and maintenance expense	$	45.6	$	34.0	$	—