Property, Plant and Equipment

10 Months Ended

Jan. 01, 2011

Property, Plant and Equipment [Abstract]

Property, Plant And Equipment

D. PROPERTY, PLANT AND EQUIPMENT

(Millions of Dollars)	2010			2009
Land	$	113.9		$	44.1
Land improvements		40.6			23.8
Buildings		464.2			284.2
Leasehold improvements		43.0			29.8
Machinery and equipment		1,300.2			902.7
Computer software		225.1			209.9
Property, plant & equipment, gross	$	2,187.0		$	1,494.5
Less: accumulated depreciation and amortization		(1,020.5	)		(918.6	)
Property, plant & equipment, net	$	1,166.5		$	575.9

As more fully disclosed in Note E. Merger and Acquisitions, in connection with the Merger, the Company acquired property, plant and equipment with a fair value of $569.9 million.

Depreciation and amortization expense associated with property, plant and equipment was as follows:

(Millions of Dollars)	2010		2009		2008
Depreciation	$	177.4	$	76.1	$	74.0
Amortization		26.0		19.4		18.5
Depreciation and amortization expense	$	203.4	$	95.5	$	92.5

The amounts above are inclusive of discontinued operations depreciation and amortization expense of $0.5 million in 2008.