Note 8 Property, Plant, and Equipment
1. A summary of changes in general fixed assets is as follows (amounts in thousands):
|
Balance 7/1/99 |
Additions |
Retirements |
Balance 6/30/00 |
|
|---|---|---|---|---|
| Land | $ 352,511 | $ 29,812 | $ 16,187 | $ 366,136 |
| Buildings | 2,032,985 | 94,066 | 2,774 | 2,124,277 |
| Improvements | ||||
| Other Than | ||||
| Buildings | 236,661 | 24,307 | 4,268 | 256,700 |
| Machinery & | ||||
| Equipment | 1,187,514 | 101,961 | 544,839 | 744,636 |
| Construction in | ||||
| Progress | 211,693 | 185,615 | 118,373 | 278,935 |
| Total | $ 4,021,364 | $ 435,761 | $ 686,441 | $ 3,770,684 |
The beginning balance of Construction in Progress was reduced to account for certain building projects that were substantially completed and capitalized in 1999.
Property, plant, and equipment for the primary government and its component units consisted of the following as of June 30, 2000 (amounts in thousands):
| Primary Government | ||||
|---|---|---|---|---|
| Enterprise |
Internal Service |
Higher Education |
Component Units |
|
| Land | $ 2,840 | $ - | $ 39,067 | $ 22,123 |
| Buildings | 150,271 | - | 1,455,223 | 178,091 |
| Improvements | ||||
| Other than | ||||
| Buildings | 122,590 | 95 | 129,275 | 183 |
| Machinery & | ||||
| Equipment | 54,140 | 150,979 | 615,928 | 193,628 |
| Construction | ||||
| in Progress | 42,279 | - | 157,166 | 1,291 |
| Subtotal | 372,120 | 151,074 | 2,396,659 | 395,316 |
| Less: | ||||
| Accumulated | ||||
| Depreciation | 151,107 | 105,616 | 277,199 | 169,746 |
| Total | $ 221,013 | $ 45,458 | $ 2,119,460 | $ 225,570 |
The following estimated useful lives are used to compute depreciation: Buildings 10-60 years; Land Improvements 2-50 years; Machinery and Equipment 2-21 years.