Property, Plant and Equipment, net

9 Months Ended

Sep. 30, 2015

Property, Plant and Equipment [Abstract]

Property, plant and equipment, net consisted of the following:



	September 30, 2015		December 31, 2014
	(in millions)
Land	$	1.6	$	1.6
Buildings and improvements	14.6		8.1
Machinery and equipment	539.4		401.4
Construction in progress	12.3		109.2
	567.9		520.3
Less: Accumulated depreciation and amortization	257.6		260.9
	$	310.3	$	259.4

During the three and nine months ended September 30, 2015, we recorded losses of approximately $0.5 million and $1.7 million, respectively, on the disposal of certain machinery and equipment, which is included in other general and administrative expenses on our consolidated statements of operations.

Plant turnarounds—Scheduled inspections, replacements and overhauls of machinery and equipment at our continuous process manufacturing facility are referred to as plant turnarounds. The expenditures related to turnarounds are capitalized in property, plant and equipment when incurred. The following is a summary of plant turnaround activity:



	Nine months ended September 30,
	2015			2014
	(in millions)
Net capitalized turnaround costs:
Beginning balance	$	16.7		$	22.7
Additions	33.1			0.3
Depreciation	(8.5		)	(4.7		)
Ending balance	$	41.3		$	18.3

Scheduled replacements and overhauls of machinery and equipment include the dismantling, repair or replacement and installation of various components including piping, valves, motors, turbines, pumps, compressors, heat exchangers and the replacement of catalyst when a full plant shutdown occurs. Scheduled inspections are also conducted during full plant shutdowns, including required safety inspections which entail the disassembly of various components such as steam boilers, pressure vessels and other equipment requiring safety certifications. Internal employee costs and overhead are not considered turnaround costs and are not capitalized.