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Property,Plant and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment Disclosure [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Note 7 — Property, Plant, and Equipment

Property, plant, and equipment, carried at cost, is summarized as follows at December 31, (in millions):

	2013		2012
Land	$	44.4	$	43.2
Buildings and improvements		243.6		234.8
Machinery, tools, and equipment		692.8		669.9
Construction-in-progress		24.1		24.5
Gross property, plant, and equipment		1,004.9		972.4
Less accumulated depreciation		(627.8)		(607.7)
Net property, plant, and equipment	$	377.1	$	364.7

Depreciable lives on buildings range between 20-40 years. Depreciable lives on machinery, tools, and equipment range between 3-20 years. The Company recorded depreciation expense of $45.3 million, $44.1 million and $45.8 million for 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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