Property, Plant and Equipment, net

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]



	September 30,			December 31,
(millions of dollars)	2014			2013
Land, land use rights and buildings	$	799.6		$	753.9
Machinery and equipment	1,953.3			1,897.5
Capital leases	8.8			2.4
Construction in progress	282.3			272.3
Total property, plant and equipment, gross	3,044.0			2,926.1
Less: accumulated depreciation	(1,101.0		)	(1,099.3		)
Property, plant and equipment, net, excluding tooling	1,943.0			1,826.8
Tooling, net of amortization	124.4			112.6
Property, plant and equipment, net	$	2,067.4		$	1,939.4

As of September 30, 2014 and December 31, 2013, accounts payable of $46.9 million and $62.8 million, respectively, were related to property, plant and equipment purchases.

Interest costs capitalized for the nine months ended September 30, 2014 and 2013 were $10.5 million and $8.5 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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