Property, Plant and Equipment

3 Months Ended

Mar. 31, 2014

7. Property, Plant and Equipment

	March 31,			December 31,
($ in millions)	2014			2013

Land	$	68.0		$	67.6
Buildings	981.0			980.9
Machinery and equipment	3,655.6			3,647.8
Construction-in-progress	219.5			232.9
	4,924.1			4,929.2
Accumulated depreciation	(2,563.9		)	(2,556.9		)
	$	2,360.2		$	2,372.3

Property, plant and equipment are stated at historical or acquired cost. Depreciation expense amounted to $59.1 million and $63.8 million for the three months ended March 31, 2014 and 2013, 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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