Note 8 Property, Plant, and Equipment
(1) A summary of changes in general fixed assets is as follows (amounts in thousands):
| Restated | ||||
|---|---|---|---|---|
| Balance | Balance | |||
| 7/1/00 | Additions | Retirements | 6/30/01 | |
| Land | $ 371,484 | $ 19,940 | $ 1,683 | $ 389,741 |
| Buildings | 2,062,263 | 58,084 | 25,060 | 2,095,287 |
| Improvements Other Than Buildings | 243,236 | 35,892 | 583 | 278,545 |
| Machinery & Equipment | 1,253,910 | 112,223 | 261,917 | 1,104,216 |
| Construction in Progress | 278,935 | 157,464 | 243,307 | 193,092 |
| Total | $ 4,209,828 | $ 383,603 | $ 532,550 | $ 4,060,881 |
(2) Property, plant, and equipment for the primary government and its component
units consisted of the following as of June 30, 2001 (amounts in thousands)
| Primary Government | ||||
|---|---|---|---|---|
| Internal | Higher | Component | ||
| Enterprise | Service | Education | Units | |
| Land | $ 2,840 | $ - | $ 39,047 | $ 24,833 |
| Buildings | 189,065 | - | 1,638,016 | 188,314 |
| Improvements other than Buildings | 141,542 | 95 | 153,882 | 236 |
| Machinery & Equipment | 56,198 | 161,648 | 658,703 | 224,538 |
| Construction in Progress | 33,930 | - | 214,822 | 10,314 |
| Subtotal | 423,575 | 161,743 | 2,704,470 | 448,235 |
| Less: Accumulated Depreciation | 173,618 | 111,535 | 459,446 | 187,294 |
| Total | $ 249,957 | $ 50,208 | $ 2,245,024 | $ 260,941 |
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.