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Fixed Assets

3 Months Ended

Jun. 30, 2011

6. Fixed Assets

A summary of fixed assets follows:


	(Stated in millions)
	Jun. 30,		Dec. 31,
	2011		2010

Property, plant & equipment	$	28,298	$	27,212
Less: Accumulated depreciation		15,983		15,141

	$	12,315	$	12,071

Depreciation expense relating to fixed assets was as follows:


	(Stated in millions)
	2011		2010

Second Quarter	$	669	$	558
Six Months	$	1,330	$	1,105

- 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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