Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]


7.	PROPERTY, PLANT AND EQUIPMENT

Major classes of property, plant and equipment, which include capital lease assets, consisted of the following (in millions):



	December 31,
	2011			2010
Land	$	722		$	624
Crude oil processing facilities	23,322			21,421
Pipeline and terminal facilities	856			709
Grain processing equipment	673			656
Retail facilities	1,346			1,277
Administrative buildings	712			705
Other	1,290			1,226
Construction in progress	3,332			2,303
Property, plant and equipment, at cost	32,253			28,921
Accumulated depreciation	(7,076		)	(6,252		)
Property, plant and equipment, net	$	25,177		$	22,669

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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