PROPERTY, PLANT AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2015

PROPERTY, PLANT AND EQUIPMENT, NET

PROPERTY, PLANT AND EQUIPMENT, NET

4. PROPERTY, PLANT AND EQUIPMENT, NET

As of June 30, 2015 and December 31, 2014, property, plant and equipment consisted of the following:

(In millions)	June 30, 2015		December 31, 2014
Chemical manufacturing plants	$	1,408.1	$	1,398.5
Machinery and equipment		1,246.9		1,198.7
Buildings		197.3		202.8
Land and land improvements		178.2		185.7
Construction-in-progress		88.8		84.7
Property, plant and equipment, at cost		3,119.3		3,070.4
Less: accumulated depreciation		1,477.9		1,404.7
Property, plant and equipment, net	$	1,641.4	$	1,665.7