Property, Plant And Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant And Equipment [Abstract]

7. Property, Plant and Equipment

Property, plant and equipment, net consisted of:


	December 31,
*(in millions of dollars)*	2011			2010
Land and improvements	$	13.6		$	13.7
Buildings and improvements to leaseholds		115.5			116.6
Machinery and equipment		321.7			333.1
Construction in progress		12.5			10.7

		463.3			474.1
Less: accumulated depreciation		(316.1	)		(310.9	)

Net property, plant and equipment (1)	$	147.2		$	163.2

(1)

Net property, plant and equipment as of December 31, 2011 and 2010 contained $17.0 million and $25.6 million of computer software assets, which are classified within machinery and equipment. Amortization of software costs was $9.5 million, $10.1 million and $9.7 million for the years ended December 31, 2011, 2010 and 2009, 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.

+ References+ Details