Property, Plant and Equipment

6 Months Ended

Jun. 30, 2014

7. Property, Plant and Equipment

	June 30,			December 31,
($ in millions)	2014			2013

Land	$	68.0		$	67.6
Buildings	982.0			980.9
Machinery and equipment	3,664.4			3,647.8
Construction-in-progress	273.2			232.9
	4,987.6			4,929.2
Accumulated depreciation	(2,604.3		)	(2,556.9		)
	$	2,383.3		$	2,372.3

Property, plant and equipment are stated at historical or acquired cost. Depreciation expense amounted to $59.1 million and $118.2 million for the three and six months ended June 30, 2014, respectively, and $64.3 million and $128.1 million for the comparable periods in 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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