Property, Plant and Equipment Accounting Policy
Property, plant and equipment is carried at cost and is depreciated using the straight-line method. Property, plant and equipment placed in service prior to 1995 is depreciated under the sum-of-the-years' digits method or other substantially similar methods. Substantially all equipment and buildings are depreciated over useful lives ranging from 15 to 25 years. Capitalizable costs associated with computer software for internal use are amortized on a straight-line basis over 5 to 7 years. When assets are surrendered, retired, sold or otherwise disposed of, their gross carrying values and related accumulated depreciation are removed from the accounts and included in determining gain or loss on such disposals.
Maintenance and repairs are charged to operations; replacements and improvements are capitalized.
Source: E.I. DuPont de Nemours & Co., Annual Report
Property, Plant and Equipment Disclosure
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E.I. DuPont de Nemours & Co., Statement of Financial Position, Property, Plant and Equipment
Source: Based on data from E.I. DuPont de Nemours & Co. Annual Reports
| Item |
Description |
The company |
| Buildings |
Carrying amount as of the balance sheet date of long-lived, depreciable assets that include building structures held for productive use including any addition, improvement, or renovation to the structure, such as interior masonry, interior flooring, electrical, and plumbing. |
E.I. DuPont de Nemours & Co.'s buildings increased from 2009 to 2010 and from 2010 to 2011.
|
| Equipment |
Carrying amount as of the balance sheet date of long-lived, depreciable asset used in production process to produce goods and services. |
E.I. DuPont de Nemours & Co.'s equipment increased from 2009 to 2010 and from 2010 to 2011.
|
| Land |
Carrying amount as of the balance sheet date of real estate held for productive use. This excludes land held for sale. |
E.I. DuPont de Nemours & Co.'s land increased from 2009 to 2010 and from 2010 to 2011.
|
| Construction |
Carrying amount at the balance sheet date of long-lived asset under construction that include construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service. |
E.I. DuPont de Nemours & Co.'s construction increased from 2009 to 2010 but then slightly declined from 2010 to 2011.
|
| Gross property, plant and equipment |
Carrying amount at the balance sheet date for long-lived physical assets used in the normal conduct of business and not intended for resale. This can include land, physical structures, machinery, vehicles, furniture, computer equipment, construction in progress, and similar items. Amount does not include depreciation. |
E.I. DuPont de Nemours & Co.'s gross property, plant and equipment increased from 2009 to 2010 and from 2010 to 2011.
|
| Net property, plant and equipment |
Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. |
E.I. DuPont de Nemours & Co.'s net property, plant and equipment increased from 2009 to 2010 and from 2010 to 2011.
|
Property, Plant and Equipment Ratios (Summary)
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E.I. DuPont de Nemours & Co., Property, Plant and Equipment Ratios
| Ratio |
Description |
The company |
| Average age |
As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company's fixed asset base is old or new. Newer assets are likely to be more efficient. |
E.I. DuPont de Nemours & Co.'s average age of depreciable property, plant and equipment deteriorated from 2009 to 2010 but then improved from 2010 to 2011 exceeding 2009 level.
|
Average Age
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2011 Calculations
| Ratio |
Description |
The company |
| Average age |
As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company's fixed asset base is old or new. Newer assets are likely to be more efficient. |
E.I. DuPont de Nemours & Co.'s average age of depreciable property, plant and equipment deteriorated from 2009 to 2010 but then improved from 2010 to 2011 exceeding 2009 level.
|
