XML 152 R16.htm IDEA: XBRL DOCUMENT

PROPERTY

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

PROPERTY



Property at December 31 In millions	Estimated Useful Lives (Years)	2011		2010
Land	—	$	862	$	893
Land and waterway improvements	15-25	1,310		1,264
Buildings	5-55	4,513		4,442
Machinery and equipment	3-20	37,580		37,224
Utility and supply lines	5-20	2,264		2,229
Other property	3-30	2,290		2,133
Construction in progress	—	3,397		3,463
Total property		$	52,216	$	51,648



In millions	2011		2010		2009
Depreciation expense	$	2,177	$	2,289	$	2,291
Manufacturing maintenance and repair costs	$	2,247	$	1,949	$	1,473
Capitalized interest	$	90	$	72	$	61

- 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.

+ References+ Details