Property, Plant and Equipment, net

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]



	March 31,			December 31,
(in millions)	2015			2014
Land, land use rights and buildings	$	754.8		$	784.8
Machinery and equipment	1,863.3			1,940.3
Capital leases	8.8			8.4
Construction in progress	342.6			310.4
Total property, plant and equipment, gross	2,969.5			3,043.9
Less: accumulated depreciation	(1,046.5		)	(1,076.8		)
Property, plant and equipment, net, excluding tooling	1,923.0			1,967.1
Tooling, net of amortization	126.9			126.8
Property, plant and equipment, net	$	2,049.9		$	2,093.9

As of March 31, 2015 and December 31, 2014, accounts payable of $38.4 million and $58.4 million, respectively, were related to property, plant and equipment purchases.

Interest costs capitalized for the three months ended March 31, 2015 and 2014 were $3.8 million and $3.5 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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