Property, Plant and Equipment, net

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

The components of property, plant and equipment, net are as follows:



(in millions)	June 30, 2013		December 31, 2012
Land and land improvements	$	10.7	$	11.3
Buildings	91.0		95.0
Machinery and equipment	740.2		791.3
Capital leases	1.9		2.0
	843.8		899.6
Less accumulated depreciation	718.7		748.0
	125.1		151.6
Construction in process	3.9		5.4
Property, plant and equipment, net	$	129.0	$	157.0

Depreciation expense associated with property, plant and equipment was $9.0 million for each of the three months ended June 30, 2013, and 2012, and $18.3 million and $18.6 million for the six months ended June 30, 2013 and 2012, respectively.

Part of the decrease in property, plant and equipment at June 30, 2013 is due to a reclassification of the assets related to the foundry in Brazil of $6.6 million to Assets held for sale. We reclassified land in India of $1.9 million to Assets held for sale in 2012. Assets held for sale is now reported as a separate line item in our Consolidated Balance Sheets.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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