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PROPERTY (Tables)

12 Months Ended

Dec. 31, 2010

Property on the consolidated balance sheets includes the following (in millions):

	2010			2009

Vessels	$	1,220		$	1,216
Machinery and equipment		661			609
Buildings		557			507
Land		236			165
Water, power and sewer systems		119			119
Other property improvements		108			99
Total		2,901			2,715
Less accumulated depreciation and amortization		(1,250	)		(1,179	)
Property – net	$	1,651		$	1,536

- 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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