Property, Plant and Equipment

9 Months Ended

Sep. 30, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, net



	September 30,			December 31,
(millions of dollars)	2012			2011
Land and buildings	$	695.9		$	687.9
Machinery and equipment	2,201.6			2,006.9
Capital leases	2.4			2.3
Construction in progress	229.1			206.8
Total property, plant and equipment, gross	3,129.0			2,903.9
Less: accumulated depreciation	(1,534.4		)	(1,343.9		)
Property, plant and equipment, net, excluding tooling	1,594.6			1,560.0
Tooling, net of amortization	104.1			104.3
Property, plant and equipment, net	$	1,698.7		$	1,664.3

As of September 30, 2012 and December 31, 2011, accounts payable of $19.9 million and $48.9 million, respectively, were related to property, plant and equipment purchases.

Interest costs capitalized for the nine months ended September 30, 2012 and 2011 were $13.5 million and $9.0 million, 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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